Iran Nuclear Deal
Iran and the future of the nuclear deal
Since the U.S. withdrawal from the Iran nuclear deal, the government of President Hassan Rouhani has come under tremendous pressure from both internal and external forces. Now, Mr. Rouhani will have to maneuver to satisfy the hardliners and keep social discontent in check, while maintaining Iran’s regional clout and keeping the economy from tanking.
2019 Outlook: U.S. foreign policy to stay the course
Unconventional as his leadership style may be, President Donald Trump, succeeded in 2018 in getting both U.S. allies and competitors to pay serious attention to his foreign policy agenda. His administration is undaunted in pursuing U.S. policy goals despite replacements of key officials in the president’s national security apparatus. Mr. Trump will remain focused on crushing transnational terrorist threats to the U.S. and its allies, and dealing with great power competition in Europe, the Middle East and Asia in 2019 before he turns his attention to his bid for reelection.
2019 Global Outlook: Market forces move developments in energy
2019 begins with the U.S. a dominant producer of oil and gas, while OPEC has allied with countries like Russia to try to put a floor under prices. Green energy sources continue to rise in popularity, but still have only a small impact on global consumption. And while developed nations phase out coal, developing countries will likely remain dependent on the fuel for the foreseeable future. How will all of these factors affect the global energy market going forward?
U.S.-Iran confrontation puts the EU in a quandary
The European Union has hoped to make Iran an important part of its energy security scheme and still backs the nuclear deal with Tehran from which the United States has withdrawn. As the world’s fifth largest and OPEC’s third-largest oil producer gropes for ways to circumvent American sanctions against its oil exports, however, the EU can only do so much to help Iran. Geopolitical and economic facts of life are making it hard for the Europeans to ignore the unilateral U.S. abrogation of the treaty.
Iran and Israel’s proxy war in Syria escalates
The accidental downing of a Russian military plane by Syrian anti-missile defense, which coincided with Israeli air force jets’ presence in the area, highlights the danger of the increasingly open proxy warfare between Israel and Iran. The number of parties involved – Israel, Russia, Syria, Iran and Hezbollah – points to the risk of the drawn-out Syrian conflict exploding into full-fledged regional war.