This article focuses mainly on the petrodollar system, which is at the heart of the U.S. dollar supremacy, and on the challenges it meets. Meanwhile, these trials start outlining potential futures for the international currency system.
A new state of play is emerging in the Middle East, which redraws the regional web of influence, following the military victory over the Islamic State in Iraq and Syria and the concurrent and related negotiations for the end of the war in Syria. At the global level, the current jockeying taking place in the Middle East and its result will also have consequences as it impacts perceptions of global players, as well as influence and thus capability. On 16 November, three major diplomatic events centred around Saudi Arabia and Iran’s influence and involving China and Israel took place which impacted this state of play.
Impact on Issues ➙ ➀ / ➄ Hindrance to effective peace talks / Continued war in Libya Recent statements by the elders of the Warfalla tribe highlight an underlying challenge to Libyan peace talks—tribalism. Under the umbrellas of the rival Libyan governments lie a host of tribes that are simultaneously competing for influence and power. The… Read More
The artificial intelligence (AI) world summit took place in Singapore on 3 and 4 October 2017 (The AI summit Singapore). If we follow this global trend of heavy emphasis on AI, we can note the convergence between artificial intelligence and the emergence of “smart cities” in Asia, especially in China (Imran Khan, “Asia is leading… Read More
Impact on Issues and Uncertainties ? Unity of Arab States, willingness and capability to support Saudi Arabia, willingness and capability to counter growing Iranian influence, (critical uncertainties) ➚ (➃ conflict in Yemen) Saudi perception of Iranian expansion and resulting threat ➙ ? Lebanon destabilisation ➚ ? Hezbollah influence in Lebanon ➚➚ Iran actualization of the Shia crescent to the Mediterranean… Read More
Impact on Issues and Uncertainties ➚ ➃ Reinforced jihadist front in Western Egypt ➚ ➃ Challenges to Egypt as it is squeezed between the Sinai and Western fronts ➚ ➄ Survival of the Islamic State ➚ ➄ Islamic State resurgence in the MENA region, notably Libya ➚ ➄ Strengthening of al-Qaeda in the MENA region ➚ ➄ Reinforced linkages with other jihadist groups and… Read More
Impact on Issues and Uncertainties ➚ ? ➃ Short term – Willingness of Iraq to capitalize further on their military victory against the Kurds, notably capturing Kurdish oilfields (uncertainty) ➘ ? Medium to longer term – capacity of Iraq to govern legitimately over its multi-sectarian multi-ethnic population (critical uncertainty) ➚ ➃ /➄ Iraq strength and international support ➘ ➂ Legitimacy of Iraqi Kurdish political authorities and parties ➘ Prospects for Iraqi Kurds’ independence and even autonomy ➙ ➃ Iran’s influence in Iraq and in the region ➘ ➃ U.S. influence in the region ➘ Middle East American order (Other issues stable as regard to this signal only – a full assessment would need to consider events in Lebanon and Yemen) On 5 November 2017, the ongoing negotiations between… Read More
Impact on Issues and Uncertainties ? Degree of influence of Russia – and now possibly Iran – on Turkey compared with Turkey’s perception of threat related to a Kurdish polity on its southern flank (critical uncertainty) ➚➚ ➃ Turkey’s perception of threat ➚➚➚ ➃ to ➂ Survival of the Kurdish-led Federation of Northern Syria ➚➚ ➄ to ➂ Constructive peace for Syria ➘ ➃ to ➂ Middle… Read More
Impact on Issues and Uncertainties ? Degree of influence of Russia on Turkey compared with Turkey’s perception of threat related to a Kurdish polity on its southern flank (critical uncertainty) ➚➚ ➃ to ➂ Survival of the Kurdish-led Federation of Northern Syria ➚ ➃ Russia influence trial As the seventh round of Astana talks proceeds (30 Oct-31 Oct 2017), Russia’s envoy Alexander… Read More
Impact on Issues ➚ ? ➃ Short term – Willingness of Iraq to capitalize further on their military victory against the Kurds, notably capturing Kurdish oilfields (uncertainty) ? Medium to longer term – capacity of Iraq to govern legitimately over its multi-sectarian multi-ethnic population (critical uncertainty) ➚ ➃ /➄ Iraq strength and international support ➘➘➘ ➂ Legitimacy of Iraqi Kurdish… Read More