Bahrain
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HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly drop since November 2021 — partly due to a global slowdown, but more due to a power struggle within OPEC+.
BMI: New US tariffs set to reshape economic landscape across Middle East
The recently announced US tariffs threaten to redefine economic trajectories across the Middle East and North Africa region, with varying impacts likely across oil exporters and importers.
US deploys six B-2 bombers to Indian Ocean ahead of Iran standoff
Newly analysed satellite images show the deployment of at least six nuclear-capable B-2 bombers to Camp Thunder Bay on Diego Garcia in the Indian Ocean.
Arab League and UN condemns brutal Israeli airstrikes on Gaza
The Arab League's Ahmed Aboul Gheit has hit out at Israeli strikes on Gaza on March 18 in a sign of collapsing relations between the two sides.
COMMENT: Gulf states court Russia but stop short of strategic shift
The Gulf Cooperation Council (GCC) states are increasingly backing Russia in its geopolitical and economic standoff with the West, but they have stopped short of fully embracing Russia.