Saudi Arabia is undoubtedly concerned by Biden’s emphasis on addressing climate change since this would mean a drop in the demand for crude oil, the backbone of Saudi Arabia’s economy. The stability of global energy markets has long been a major factor in U.S. relations with Saudi Arabia. Riyadh’s potential to increase …
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Iran’s economy, which is heavily dependent on oil exports, has not been able to benefit from oil exports in recent years due to U.S. sanctions, the country’s foreign exchange earnings have declined. In spite of this, the Iranian government has tried to provide the necessary financial resources for the …
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Aiming to force the Iranian regime to negotiate its regional policies, the United States withdrew from the Joint Comprehensive Plan of Action (JCPOA) in May 2018 and imposed tough sanctions on the country. This “maximum pressure campaign” has certainly put significant economic pressure on Iran — especially now as it is …
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Since the Trump administration’s withdrawal from the nuclear deal in 2018 and the “maximum pressure” strategy of reimposing crippling sanctions, Iran has abandoned its key commitments, including the resumption of uranium enrichment. These moves have been accompanied by increasing ballistic missile tests, mysterious attacks on oil tankers in the Persian Gulf, increased meddling in conflicts …
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