Hama's Oct. 7 attack on Israel threatens to undermine a key pillar of Saudi Arabia’s foreign and domestic agenda: the “de-risking” of the region, writes fellow Kristian Coates Ulrichsen.
Amid recent disputes on oil trade, "fractious Saudi-UAE relations are ... better understood as a return to the pre-2015 status quo than a unique diplomatic breach," write Jim Krane and Kristian Coates Ulrichsen.
Leveraging a crash in oil revenue, the Saudi government has quickly imposed unprecedented changes to the way it raises cash by increasing taxes and slashing subsidies in ways Saudi citizens once considered unthinkable.
With the implementation of the Iran nuclear agreement, many Gulf Cooperative Council states now openly wonder whether U.S. support can still be relied upon, given the speed with which the U.S. government has engaged Iran in negotiation and diplomacy since 2013. This incomprehension may lead to further instability in the Middle East as the Gulf States continue to take increasingly unilateral action in Yemen and other regional conflict zones, fellow for the Middle East Kristian Coates Ulrichsen writes.
Though drops in oil prices stand to impact Saudi Arabia’s economic stability, the government has turned to drawing down its foreign reserves and issuing bonds to alleviate budgetary pressures and avoid drastic domestic spending cuts. Fellow for the Middle East Kristian Coates Ulrichsen writes in the Baker Institute Blog: http://bit.ly/1fKLWG9.
The range of responses in the six Gulf states to the Iran nuclear deal illustrates both the diversity of regional approaches to Iran and the absence of any monolithic “Gulf position” on the issue.
