Transparency International’s annual rankings show public perceptions on corruption in the Middle East and North Africa have not changed over the past five years. Yet a closer look reveals that anticorruption agencies and legal reform are quietly making headway in combating institutional corruption.
Washington’s seizure of Venezuelan oil and bid to reshape its energy sector is redrawing global market dynamics—potentially insulating the U.S. from price spikes while squeezing China’s access to discounted crude and subtly reinforcing the Gulf’s pivotal role as the market’s stabilizer.