Yemen’s Houthi have mounted a selective counter-shipping campaign in the Red Sea that has disrupted global trade between Asia and Europe. In a new issue brief, fellow Jim Krane describes how the attacks have triggered major shipping delays and expenses for firms based in countries friendly to Israel — effectively acting as economic sanctions and demonstrating the power of a non-state actor to undermine global norms around freedom of navigation.
Fifty years after the 1973 oil embargo, Baker Institute Edward P. Djerejian Center for the Middle East and Center for Energy Studies hosted a conference to examine lessons learned from the embargo and their renewed relevance for today’s energy crises. Featuring remarks from His Royal Highness Prince Turki Al Faisal Al Saud, the conference also included expert panels with industry leaders, other former policymakers, and academics.
Kristian Coates Ulrichsen, Mark Finley, Jim Krane, Ana Martín Gil, Karina Pan, Grace YetterFebruary 29, 2024
The 2024 Mexico Country Outlook report analyzes key policy issues ahead of Mexico’s June 2024 elections, from foreign investment and regulatory challenges to migration and public security.
This testimony was delivered before the U.S. House of Representatives Committee on Financial Services and Subcommittee on National Security, Illicit Finance, and International Financial Institutions at its hearing entitled “Restricting Rogue-State Revenue: Strengthening Energy Sanctions on Russia, Iran, and Venezuela” on Dec. 12, 2023.
When the OPEC+ group met last week and agreed to extend production cuts through the first quarter of 2024, the market was unimpressed. Fellow in Energy and Global Oil, Mark Finley, outlines the meeting’s outcomes and discusses why the recent agreement “could augur a year of difficult meetings ahead” in a new commentary.
The surprise attack on Israel by the militant group Hamas has raised a number of critical questions related to geopolitics, aid, energy, and other global affairs. Baker Institute fellows and scholars are continuing to provide expert analysis on the conflict.
This report explains Europe's failure to secure long-term liquefied natural gas supplies, the likely implications, and provides ideas for better ensuring energy security moving forward.
Gabriel Collins, Steven R. MilesSeptember 13, 2023
Five key factors make the Biden administration’s attempts to expand the Abraham Accords in the Middle East likely to fail, writes nonresident fellow Omar Rahman. Instead, regional approaches like the restoration of Saudi-UAE diplomatic relations with Iran are now holding sway.