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1. The New Development Bank’s Contribution to the Energy Transition Process in the BRICS Countries (2016-2023)

Author:
Maria Elena Rodriguez, Rafaela Mello Rodrigues de Sá, Octávio Henrique Alves Costa de Oliveira, and Renan Guimarães Canellas de Oliveira
Publication Date:
12-2026
Content Type:
Policy Brief
Institution:
BRICS Policy Center
Abstract:
Considering the growing relevance of the Multilateral Development Banks (MDBs) in the task of financing the global energy transition process, it is important to understand the efforts of these institutions to establish projects aimed at reducing carbon emissions in the most diverse sectors of the economy, and especially in the energy sector. This document looks specifically at the role that the New Development Bank (NDB) plays in this process, presenting an overview of its loan portfolio and targets in terms of contributions to the energy transition process. The NDB, also known as the BRICS Bank, stands out in its institutional strategies in the area of Clean Energy, one of its operational objectives, setting a target for the year 2026 of directing 40% of all its financing to projects aimed at climate change, including operations that contribute to the energy transition (NDB, 2022a, p. 28).
Topic:
Development, Banks, BRICS, Energy Transition, and Multilateral Development Banks (MDBs)
Political Geography:
Russia, China, Iran, Indonesia, India, South Africa, Brazil, Ethiopia, Egypt, and United Arab Emirates

2. Economic implications for Europe of a potential reintegration of Iran into the world economy

Author:
Gabriel Felbermayr, Mahdi Ghodsi, Heider Kariem, Robert Stehrer, and Yoto V. Yotov
Publication Date:
02-2026
Content Type:
Special Report
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
How would fundamental political change in Iran, leading to a democratic system with a free and rules-based economic order, affect Germany and the EU economically? In the event of change, sanctions could be scaled back, allowing Iran to rejoin the global economy. This study quantifies the economic effects of such a transformation. It neither advocates for nor legitimises the lifting or easing of sanctions under the current regime or without far-reaching and credible reforms that fully address the concerns underlying the sanctions currently in place. Using the newest available data and quantitative methods, the results indicate that lifting EU sanctions alone could raise Iran’s real GDP by more than 80% in the long run while generating moderate but economically meaningful gains for Germany and the EU of around 0.3-0.4% of GDP. These gains are driven by expanded trade, lower energy and input prices, and improved allocative efficiency. When sanctions removal is combined with plausible scenarios of productivity catch-up with Turkey or South Korea, Iran’s GDP would increase by 240-388% and the gains for Europe would increase further, underscoring the strong complementarity between trade integration and productivity growth. Moreover, Iran’s reintegration would reduce energy price volatility, improve the security of maritime trade routes, and lower migration pressures. Overall, the findings suggest that a negotiated transition and rules-based reintegration of Iran would generate substantial mutual economic benefits while contributing to regional and global stability.
Topic:
Markets, Political Economy, Foreign Direct Investment, Sanctions, European Union, Economy, Inflation, Energy, and Trade Integration
Political Geography:
Europe, Iran, and Germany

3. Irán entre protestas y geopolítica

Author:
Xavier Villar
Publication Date:
01-2026
Content Type:
Working Paper
Institution:
Fundación Alternativas
Abstract:
Análisis de las protestas en Irán surgidas en un contexto de fuerte inflación y depreciación del rial —que perdió cerca de la mitad de su valor frente al dólar en 2025— y que, tras iniciarse como una movilización de carácter económico encabezada por comerciantes y pequeños empresarios, derivaron rápidamente en expresiones de descontento político más amplio. Aunque las manifestaciones se han extendido a numerosas ciudades y han adquirido una notable visibilidad social, su escala y composición difieren de ciclos previos, como los de 2009 o 2019, y hasta ahora no se han producido deserciones significativas en las fuerzas de seguridad que permitan hablar de un cambio de régimen inminente. El artículo subraya además las dificultades para verificar cifras de víctimas debido al bloqueo informativo, matiza la idea de un rechazo político unánime al régimen y sitúa las protestas en un marco político-estratégico más amplio, marcado por la posición geográfica de Irán, sus recursos energéticos y la competencia internacional entre Estados Unidos y China.
Topic:
Regime Change, Sanctions, Economy, Protests, Inflation, Transatlantic Relations, and Strategic Competition
Political Geography:
China, Iran, Middle East, and United States of America

4. Netanyahu’s Long Game to Reorder the Middle East

Author:
Akram Zaoui
Publication Date:
03-2026
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
As the inspirator of the ongoing war in the Middle East, Netanyahu’s actions must be read through decades of political action. US participation in the war marks the apex of years of manoeuvring in Washington to reshape the region. Goals sought include obliteration of regional strategic threats and normalisation with Arab countries from a position of undisputable strength.
Topic:
Foreign Policy, Normalization, Benjamin Netanyahu, and Regional Politics
Political Geography:
Iran, Middle East, Israel, Palestine, and United States of America

5. The Evolution and Ramifications of the Iran-Saudi Rivalry Through Multiple Lenses: A Review of Mabon, Fraihat and Mohammad

Author:
Ahmet Furkan Özyakar
Publication Date:
01-2026
Content Type:
Journal Article
Journal:
Uluslararasi Iliskiler
Institution:
International Relations Council of Turkey (UİK-IRCT)
Abstract:
This review endeavors to identify key themes and critical perspectives discernible in the scholarship of Simon Mabon’s The Struggle for Supremacy in the Middle East: Saudi Arabia and Iran, Ibrahim Fraihat’s Iran and Saudi Arabia: Taming a Chaotic Conflict, and Talal Mohammad’s Iranian-Saudi Rivalry since 1979: In the Words of Kings and Clerics, who have meticulously investigated Iranian-Saudi relations in the Middle Eastern context. Since the Islamic Revolution of 1979, bilateral relations between the Islamic Republic of Iran and the Kingdom of Saudi Arabia have assumed paramount importance in elucidating the multifaceted political, religious, cultural, economic, and societal dynamics of the Middle East. The postrevolutionary trajectory brought a volte-face to relations, instigating a protracted period of rivalry and conflict spanning four decades, thereby catalyzing the escalation of conflicts across the Middle East. Both countries perceive each other as existential security threats, while concurrently aspiring for regional hegemony. Amidst this backdrop, seminal events such as Saudi Arabia’s support of Iraq during the Iran-Iraq War (1980-1988), the recalibration of the political landscape after the United States (US)-led invasion of Iraq in 2003, the reverberations of the Arab Spring, the execution of Nimr al-Nimr1 in 2016, and the Yemen Civil War have markedly intensified the discord in bilateral relations between Riyadh and Tehran. Although there have been short periods of restrained rapprochement and diplomatic overtures, the prevailing atmosphere of acrimony and relentless pursuit of dominance, both regionally and within the greater Islamic sphere, determine the framework of their relations. Consequently, pejorative labels such as “suspicion”, “infidel”, “enemy”, and “confrontation” often feature in describing the complicated dynamics characterizing Saudi-Iranian relations.
Topic:
Bilateral Relations, Hegemony, Book Review, Rivalry, and Regional Politics
Political Geography:
Iran, Middle East, and Saudi Arabia

6. The Image of Imperial Russia as an Enemy in the Iranians’ Collective Memory

Author:
Saeed Khavarinejad
Publication Date:
01-2026
Content Type:
Journal Article
Journal:
Uluslararasi Iliskiler
Institution:
International Relations Council of Turkey (UİK-IRCT)
Abstract:
This research tried to uncover the historical factors that have instilled a deep-rooted distrust of Russia in the Iranians’ collective memory. The researcher employed a case study strategy to examine historical empirical data and analyzed the consequences of the conflicts between Persia/Iran and Imperial Russia through collective trauma theory. The research discovered that 1) the 9th–12th clashes and the Russo-Persian Wars in the 17th–19th centuries and their subsequent treaties of Gulistan, Turkmenchay, and later, Akhal, and 2) Imperial Russia’s interventions in Iran during Constitutional Revolution, including the shelling of the Iranian Parliament in 1911, threatening Iranian government by issuing two ultimatums in 1911, the occupation and atrocity against Iranians in Tabriz in 1909–1918, the shelling of the Holy Shrine in Mashhad in 1912, and occupying Iran during Persian Campaign in the First World War in 1914–1918, which later followed with Soviet occupation from 1941 to 1946 in World War II, were among the primary factors which led to distrust of Russia in Iranian collective memory to the present. The evidence for anti-Russian sentiments in Iranian collective memory was identified as contempt in historiographical and literary works, hatred in religious circles, and Russophobia and conspiracy theories among Iranian politicians. The author concluded that the image of Imperial Russia as an enemy in the collective memory of Iranians has been shaped by the transgenerational and lasting effects of the memory of historical events, making the feeling of victimization toward Russia an integral part of Iranian contemporary identity.
Topic:
Imperialism, War, History, Literature, Intervention, Collective Memory, and Distrust
Political Geography:
Russia, Iran, and Middle East

7. The 2026 oil crisis: an opportunity for Europe's energy transition

Author:
Valérie Plagnol
Publication Date:
04-2026
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
Seven weeks after the launch of the joint US-Israeli attacks against Iran on 28 February, the damage to regional production facilities and the virtual halt to maritime traffic in the Strait of Hormuz have triggered a rise in crude oil prices of nearly 60% for the WTI index and over 70% for Brent. Despite the two-week truce declared on 7 April, these increases have already had a painful impact on our economies. The duration of the tensions will, of course, determine the severity of the crisis, but the damage has already been done.
Topic:
Oil, Armed Conflict, Energy Crisis, and Energy Transition
Political Geography:
Europe, Iran, Israel, United States of America, and Strait of Hormuz

8. Critical Perspectives on Relations Between Iran, Israel and the United States (3/17/26)

Author:
Juan Cole and Mojtada Mahdavi
Publication Date:
03-2026
Content Type:
Video
Institution:
Center for Security, Race and Rights (CSRR), Rutgers University School of Law
Abstract:
Critical Perspectives on Relations Between Iran, Israel and the United States with Dr. Juan Cole, University of Michigan & Dr. Mojtada Mahdavi, University of Alberta (3/17/26) Israel and the United States' military attacks on Iran have prompted heated debates on the legality, political motives, and global economic impact of this latest war in the Middle East. Join the Rutgers Law Center for Security, Race and Rights for a critical analysis of the history, politics, and international relations between Israel, the United States and Iran by experts on Iran and the broader Middle East.
Topic:
International Relations, International Law, Armed Conflict, and Global Economy
Political Geography:
Iran, Middle East, Israel, Palestine, North America, and United States of America

9. Ecological Statecraft in the Midst of War: Water, Regeneration, and the Future of Gulf Security

Author:
Olivia Lazard and Ali Bin Shahid
Publication Date:
05-2026
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
The 2026 U.S.-Iran war is radiating through the Gulf’s energy systems, maritime routes, supply chains, food corridors, financial flows, and regional diplomacy—and its effects will be long-lasting. In energy markets, the war is accelerating demand toward more autonomous sources like renewables. On food, the world is bracing for a compound crisis: a convergence of disrupted fertilizer supply chains, inflationary pressures, and El Niño–induced crop failures. These are cascading trends that will demand sustained attention for years to come. But one long-tail effect has already slipped out of view. The war has crossed a dangerous threshold: Infrastructure essential to civilian survival, including desalination facilities, has been directly targeted. Water infrastructure is emerging as a strategic target in kinetic warfare against a background of structural scarcity. This marks a qualitative shift in the Gulf’s security landscape. In a region defined by extreme aridity, collapsing groundwater reserves, and deep structural dependence on manufactured water, desalination infrastructure is not merely a technical utility; it is part of the region’s survival architecture. Millions depend on a relatively concentrated set of energy-intensive coastal plants for drinking water, industry, and urban continuity. The exposure of this infrastructure reveals that ecological fragility and military escalation are no longer parallel crises: They are becoming fused within a single battle space.
Topic:
Security, Infrastructure, Ecology, Statecraft, and Regional Security
Political Geography:
Iran, Middle East, North America, and United States of America

10. Iran may be a turning point for US regime change objectives in Latin America

Author:
Tiziano Breda and Sandra Pellegrini
Publication Date:
03-2026
Content Type:
Special Report
Institution:
Armed Conflict Location & Event Data Project (ACLED)
Abstract:
In Venezuela, Operation Absolute Resolve caused no American fatalities, and Nicolás Maduro was captured swiftly and replaced with Delcy Rodríguez, who embarked on normalization of relations with the United States and reforms that benefit US interests. In contrast, Operation Epic Fury in Iran has already seen hundreds of American service members injured and seven killed; Iranian retaliation has inflicted serious political costs on the US and allies; and the replacement for Supreme Leader Ali Khamenei, killed in US-Israeli operations, is his son, a fellow hard-liner — signaling Iranian defiance rather than concessions. The risk of increasing entanglement in Iran will likely weaken US capacity and dampen domestic appetite for further intervention, at least ahead of the November mid-term elections. Sustained US military engagement in the Middle East may further divert some of its resources deployed in the Caribbean, already deprived of the USS Gerald Ford aircraft carrier.1 This, in turn, may limit the credibility of any threat of further US operations in Venezuela or Cuba, hindering Trump’s ability to extract concessions from Caracas and Havana, particularly those related to democratization. Cuba remains a US priority: Trump has reiterated warnings of imminent changes in the island.2 However, recent US-Cuba engagement suggests that a negotiated political settlement, rather than a direct and costly military operation as in Venezuela, has gained traction. The US has applied pressure to bring the Cuban regime to the negotiating table. A blockade on oil exports has already triggered several power outages that have affected all sectors of the economy and access to basic necessities, and these are likely to deepen as oil import prices hike. The shortages risk heightening social discontent and increase domestic pressure on the government. Previous spikes in demonstrations in Cuba have been spurred by fuel and energy shortages, and recent protests suggest this dynamic remains potent.3
Topic:
Regime Change, Military Intervention, Armed Conflict, Energy, and Operation Epic Fury
Political Geography:
Iran, Middle East, Cuba, Latin America, Venezuela, North America, and United States of America

11. Virtual Briefing Series | US Military Posture and Strike Options Against Iran

Author:
Kevin Donegan, Mick Mulroy, and Jason Campbell
Publication Date:
02-2026
Content Type:
Video
Institution:
Middle East Institute (MEI)
Abstract:
On January 14, as the Iranian regime brutally cracked down on the largest street protests the country had seen in years, US President Donald Trump urged Iranians to persevere, posting on social media “help is on its way.” At the time, however, limited US military resources in the theater constrained the president’s military options. In the ensuing month since Trump’s post, the Pentagon has repositioned significant forces to the Middle East. This has led to wide speculation that the US is preparing for renewed strikes on Iran even as the Trump administration pursues diplomatic talks with the Iranian regime. To better understand the military planning and force posture dynamics shaping US policy choices, this briefing featured two Distinguished Military Fellows, former commander of the 5th Fleet VADM Kevin Donegan, USN (Ret.), and former Deputy Assistant Secretary of Defense for the Middle East Mick Mulroy. MEI Senior Fellow Jason Campbell moderated the discussion.
Topic:
Foreign Policy, Armed Forces, Protests, Military, and Airstrikes
Political Geography:
Iran, Middle East, and United States of America

12. Virtual Briefing Series | Tehran’s Brewing Troubles

Author:
Zeina AlShaib, Alan Eyre, and Alex Vatanka
Publication Date:
01-2026
Content Type:
Video
Institution:
Middle East Institute (MEI)
Abstract:
This briefing discussed the ongoing Iranian protests and severe government crackdown, which have rocked Iran since last week. The street demonstrations, sparked by the country’s economic nosedive and at times turning violent, are the largest in three years. As regime arrests and killings of protesters have intensified, US President Donald Trump has threatened to intervene, his remarks potentially taking on a more vivid significance in light of the American military extraction over the weekend of Venezuela’s President Nicolás Maduro — an ally of Tehran. This conversation featured Alan Eyre, Distinguished Diplomatic Fellow at the Middle East Institute. Eyre retired from the US Foreign Service in September 2023, after a 40-year government career, which included negotiating with the Iranian government over its nuclear program. The discussion also featured Alex Vatanka, Senior Fellow at MEI and author of the book The Battle of the Ayatollahs in Iran: The United States, Foreign Policy, and Political Rivalry since 1979.
Topic:
Foreign Policy, Economy, and Protests
Political Geography:
Iran and Middle East

13. Forever the Frenemies of the Middle East? Türkiye’s Regional Relations with Iran, 2002 to 2023

Author:
Cem Savaş
Publication Date:
01-2026
Content Type:
Journal Article
Journal:
All Azimuth: A Journal of Foreign Policy and Peace
Institution:
Center for Foreign Policy and Peace Research
Abstract:
This article investigates the puzzle of Türkiye’s fluctuating relations with Iran since the Justice and Development Party (AKP) came to power in 2002. Contrary to many scholars’ expectations, the AKP government’s relations with Iran have competition and rivalry rather than just cooperation. Having improved significantly in the early 2000s, the relations became tense following the Arab uprisings and Syria’s civil war. However, the relations between the two countries have included both cooperative and conflictual elements since 2016. This research argues that the most relevant level for analyzing Türkiye’s fluctuating foreign policy strategies toward Iran between 2002 and 2023 is regional. Using the regionalist approaches of Buzan and Wæver’s Regional Security Complex Theory (RSCT) and Lake and Morgan’s theory of regional orders, the article examines how the “local security externalities” of the Middle Eastern regional security complex (RSC) affect Türkiye-Iran regional relations by particularly focusing on speech acts of Turkish high-level foreign policy actors. By acknowledging the multi-layered nature of Middle Eastern politics, this study also considers the role of extra-regional actors and non-state armed groups in Turkish foreign policy attitudes toward Iran.
Topic:
International Relations, AKP, Regional Security, Regional Security Complex Theory (RSCT), Foreign Policy, and Bilateral Relations
Political Geography:
Iran, Turkey, and Middle East

14. Conflicts and Trends to Watch in 2026

Author:
Jessica Anania, Vicka Heidt, Anna Tuohey, and Jessica M. Smith
Publication Date:
02-2026
Content Type:
Special Report
Institution:
Georgetown Institute for Women, Peace and Security (GIWPS)
Abstract:
Entering 2026, the global security landscape is defined by record-high levels of armed conflict, democratic backsliding, geopolitical fragmentation, and an accelerating climate crisis—dynamics unfolding alongside unprecedented cuts to foreign aid and development assistance. These converging pressures are reshaping conflict environments in ways that disproportionately endanger women and girls while eroding the systems meant to protect them, even as women remain central actors in humanitarian response, peacebuilding, and civic resistance. Women, Peace and Security: Conflicts and Trends to Watch in 2026 integrates gender-responsive analysis into conflict forecasting by drawing on insights from the Women, Peace and Security Conflict Tracker and expert consultations. This report identifies three cross-cutting trends expected to shape conflict dynamics in the year ahead: the increasing weaponization of hunger as a tactic of conquest and control, with devastating gendered consequences; political transitions that intensify repression, violence, and women’s exclusion at critical decision-making moments; and worsening climate shocks that compound displacement, insecurity, and economic loss for women and girls. The report also profiles 10 settings—Colombia, Ethiopia, Iran, Israel & Palestine, Mali, Pakistan, South Sudan, Sudan, Ukraine, and Venezuela—where these dynamics are likely to be especially acute in 2026. By centering gendered risks as early warning indicators of instability, this report addresses a critical gap in mainstream conflict analysis and offers policymakers, donors, multilateral institutions, and civil society leaders a more inclusive framework for anticipating crises, protecting civilians, and advancing more durable and inclusive peace and security outcomes.
Topic:
Security, Women, Armed Conflict, Inclusion, Democratic Backsliding, Women, Peace, and and Security (WPS)
Political Geography:
Pakistan, Iran, Sudan, Ukraine, Israel, Colombia, Palestine, Venezuela, Ethiopia, Mali, South Sudan, and Global Focus

15. Analysis of Van Province’s Migration from Iran by Geographically Weighted Regression Method

Author:
Bahadır Yüzbaşı and Çetin Görür
Publication Date:
01-2026
Content Type:
Journal Article
Journal:
Uluslararasi Iliskiler
Institution:
International Relations Council of Turkey (UİK-IRCT)
Abstract:
The ability of migrants to adapt to their new environment in a short period of time while establishing a new life is an important factor affecting the welfare of both individuals and societies. The process of adaptation can determine the quality of life of the individual, reflecting the migrant’s ability to adapt socially, economically and culturally to their new environment. Adaptation in the new life after migration is usually associated with factors such as age, post-migration support from public institutions, postmigration support from relatives, post-migration support from neighbors, and inadequate educational opportunities. In this study, migration from Iran to Van province was analyzed using the geographically weighted regression (GWR) method. The analysis focused on identifying the factors that influence individuals’ responses to the statement “I adapted to my new life in a short time after migration”. According to the analysis results, it is observed that the GWR method gives stronger results. In comparison to the ordinary least squares (OLS) model, the GWR model demonstrates clear superiority across all evaluation criteria, indicating that the GWR model provides a substantially better fit to the data by capturing spatial variability more effectively.
Topic:
Migration, Integration, Forced Migration, Spatial Heterogeneity, and Local Modeling
Political Geography:
Iran, Turkey, Middle East, and Van

16. Avoiding a Long War - Objectives and Conditions for the US Attack on Iran

Author:
Mateusz Piotrowski
Publication Date:
03-2026
Content Type:
Working Paper
Institution:
The Polish Institute of International Affairs (PISM)
Abstract:
The American operation in Iran may be prolonged, lasting several months instead of the planned few weeks. The low public support of Americans for intervention and the economic effects of rising oil prices are unlikely to change the US administration’s stance. Difficulties in completely eliminating the threats posed by Iran may prompt Donald Trump to increase military involvement, including the use of special forces or the launch of a ground invasion.
Topic:
Foreign Policy, Public Opinion, Military Intervention, Armed Conflict, and Energy
Political Geography:
Iran, Middle East, North America, and United States of America

17. The war in Iran: a test of the Gulf states' economic resilience

Author:
Julia Sochacka
Publication Date:
03-2026
Content Type:
Working Paper
Institution:
The Polish Institute of International Affairs (PISM)
Abstract:
Forecasts of the long-term economic consequences of the war in Iran for the Gulf states are unequivocally negative. The scale of the losses depends on whether the strategies for building economic resilience implemented by these countries can withstand the shock caused by regional destabilisation. Faced with Iran taking control of the Strait of Hormuz, the EU’s top priority in the short term will be to ensure energy security, and in the long term to diversify its economic partnerships.
Topic:
Security, Economics, European Union, Resilience, Energy, and Regional Stability
Political Geography:
Iran, Middle East, and Gulf Nations

18. Economic shockwaves from the Iran war fuel protests across South Asia

Author:
Pearl Pandya
Publication Date:
06-2026
Content Type:
Special Report
Institution:
Armed Conflict Location & Event Data Project (ACLED)
Abstract:
South Asia was one of the first regions to experience the economic fallout from the Iran conflict. The impacts are only increasing with time, and growing economic hardship, along with governments’ responses, has already translated into unrest. ACLED records more than 1,200 demonstrations across South Asia related to the economic impact of the Iran war, including over a shortage of cooking gas and fuel and the rising cost of living. No country in the region is immune to the economic fallout, and protests over the rising cost of living have been recorded in each one of them (see map below). Across South Asia, these demonstrations have increased from an average of three per day before the war to 15 now. This increase has been most stark in Pakistan and Nepal, countries especially reliant on oil and gas imports and remittances from the Gulf. India, given its size, also unsurprisingly recorded a significant number of demonstrations on the issue. An outlier is Bangladesh, the third-most populous country in the region, with similar economic dependencies but relatively few protests. Its government’s early introduction of mitigating measures has seemingly bought it time.
Topic:
Economics, Protests, Armed Conflict, and 2026 Iran War
Political Geography:
Pakistan, Bangladesh, Iran, South Asia, India, Sri Lanka, Nepal, and Maldives

19. Geopolitics of the Strait of Hormuz

Author:
Nader Habibi, Ali Kadivar, Caitlin Talmadge, and Dafna Rand
Publication Date:
03-2026
Content Type:
Video
Institution:
MIT Center for International Studies
Abstract:
Geopolitics of the Strait of Hormuz | Monday, March 30, 2026 In a rapidly evolving region, gain clarity beyond the headlines. Panelists: Nader Habibi, Henry J. Leir Professor of Practice in the Economics of the Middle East, Crown Center for Middle East Studies, Brandeis University Ali Kadivar, Associate Professor of Sociology and International Studies, Boston College; Fellow, Radcliffe Institute for Advanced Studies at Harvard University Caitlin Talmadge, Raphael Dorman and Helen Starbuck Associate Professor of Political Science, MIT; Faculty Affiliate, Center for Nuclear Security Policy, MIT Security Studies Program Dafna Rand, Robert E. Wilhelm Fellow, Center for International Studies; Former US Assistant Secretary of State Moderator: Richard Nielsen, Associate Professor of Political Science, MIT; Faculty Director, MIT-MENA, MIT Center for International Studies; Affiliate, MIT Security Studies Program and MIT Institute for Data, Systems, and Society This event is sponsored by the MIT-MENA Program.
Topic:
Geopolitics, Trade, and Armed Conflict
Political Geography:
Iran, Middle East, Persian Gulf, United States of America, and Strait of Hormuz

20. Energy Shock and Economic Resilience: South Korea and the Iran War

Author:
Tom Ramage
Publication Date:
05-2026
Content Type:
Special Report
Institution:
Korea Economic Institute of America (KEI)
Abstract:
The 2026 Iran war and the closure of the Strait of Hormuz have upended global trade and energy access, prompting governments in Asia and around the world to take measures to secure supply chains, ensure continued power generation, and stabilize domestic economies. The disruption to shipments, shortages of key materials, and substantial increases in crude oil and transportation fuel prices raise questions about the impact of the Middle East conflict on the Korean economy and whether it presents a true crisis. This report examines key indicators and signals on the impact of the Iran war on Korea’s economy and assesses the general outlook going forward.
Topic:
Economics, Trade, Energy, and 2026 Iran War
Political Geography:
Iran, Middle East, Asia, South Korea, and Strait of Hormuz