The collapse of oil prices has increased the pressure on the regional economies, many of which were already reeling from domestic instability and the global health pandemic.
Almost three years since severing their diplomatic ties with Qatar, three of the other five Gulf Cooperation Council members — Saudi Arabia, the UAE and Bahrain — in addition to Egypt, have been signaling that they are willing to work with Qatar to overcome their concerns and find a mutually sati
Iranians have taken to the streets to protest against the government’s decision to raise petrol prices. The move, which Iranian officials have argued was necessary due to the drop in oil exports as a result of U.S.
Tensions in the region are high following drone and cruise missile attacks on two of Saudi Aramco’s major oil facilities in Khurais and Abqaiq, thus temporarily disrupting five percent of the global oil supply and leading to a spike in oil prices.