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11. The US Oil Embargo on Iran: A New Oil Shock?

Author:
Olivier Appert
Publication Date:
10-2018
Content Type:
Commentary and Analysis
Institution:
Institut français des relations internationales (IFRI)
Abstract:
The 14 July 2015 Vienna agreement on Iran’s nuclear activities (Joint Comprehensive Plan of Action – JCPoA) was a game changer on the geopolitics in the Middle East and for the oil market. The oil sanctions were lifted and Iran increased significantly its production and exports. On 8 May 2018, President Trump announced that the United Stated (US) would withdraw from the agreement. Financial sanctions were reintroduced. From 5 November 2018 onwards, further sanctions will be re-imposed more specifically on petroleum related transactions, including the purchase of petroleum, petroleum products and petrochemical products. What could be the impact of this new embargo? Is there a risk of a new oil supply and price shock?
Topic:
Energy Policy, Oil, Treaties and Agreements, Sanctions, and Global Markets
Political Geography:
Iran, Middle East, and United States of America

12. Three Generations of Jihadism in Iraqi Kurdistan

Author:
Adel Bakawan
Publication Date:
07-2017
Content Type:
Policy Brief
Institution:
Institut français des relations internationales (IFRI)
Abstract:
Iraqi Kurdistan, previously known as a secure and stable region amidst the chaotic and shaken Middle East, was struck by a wave of attacks in 2016. Between September and December of that year, there were five recorded terrorist operations led by 249 Kurdish jihadists rallied by the Islamic State (ISIS) or Daesh, of which 47 were killed and 43 were arrested by the Kurdistan Regional Government (KRG). In fact, Iraqi Kurdistan, with a population of five million inhabitants, has supplied ISIS with 2,000 jihadists. Since the launch of the Mosul offensive on 17th October 2016, Kurdistan has been preparing itself, like many other countries in the region and a number of European countries, to face its worst nightmare: the Kurdish jihadists’ return to the country. Although a series of threats weigh upon the leaders of the KRG, such as social and economic crises, political division between rival parties; Masoud Barzani’s Kurdistan Democratic Party (KDP) and Jalal Talabani’s Patriotic Union of Kurdistan (PUK), the prospect of a new civil war, and the intervention of neighbouring countries – the return of the Kurds of Daesh is currently the most troublesome.
Topic:
Terrorism and International Security
Political Geography:
Middle East