Saudi Arabia

Saudi Arabia’s overweening confidence as a leading Sunni power has been enfeebled by the 14 September attack on its oil facilities. Its sworn enemy, Iran, has carried out the attack by itself or its Houthi proxy in Yemen. It amounts to the same thing.

Following the recent attacks on Saudi ARAMCO oil fields, which according to US and Saudi intelligence assessments, involved both drones and cruise missiles, and most likely originated in Southern Iran, the future of the US-Saudi alliance has come into question as President Trump has been taking time to assess the nature of the threat and to decide on reasonable next steps that would deter Iran from further aggression in the region.

Less than a decade after weathering massive geo-political upheavals from the Arab Springs, the Middle East is on the verge of yet another crisis; the plummeting price of crude oil. “Rentier states” in the Middle East, have for several decades, secured their status-quo by building an overwhelming portion of their economy dedicated to the sale of crude oil. While the rentier system has been successful in propping up Middle Eastern governments for decades, the downside to this system is the economic and political uncertainty created by the rapidly changing value in a single commodity.

Two major recent developments illustrate ongoing challenges and potential new obstacles in the war in Yemen, the major objective of which, the put down of the rebellion by the Iran-backed Houthi separatists appears to be sidelined by other considerations and misunderstandings.