China is already Pakistan’s largest trade and defense partner. But the coming into operation of the CPEC lends a new meaning to, and could transform the relationship between these two “all-weather allies,” including insofar as their ties to the Middle East are concerned — provided that the territorial and maritime security challenges associated with the completion and use of this corridor can be satisfactorily addressed.
This essay provides a brief overview of Iran’s relations with Southeast Asian nations during the sanctions period, looks at the initial results of President Rouhani’s October 2016 visit to the region, and considers the prospects for the further expansion of these ties.
Despite a history of distrust, Iran and Russia are forging stronger commercial and political bonds due to sanctions, upheaval in global energy markets, and the deteriorating security situation in Syria.
In this week's Monday Briefing, MEI experts Gonul Tol, Daniel Serwer, and Jean-François Seznec provide analysis on recent and upcoming events including the Turkish intervention in Syria, and next month's OPEC meeting in Algeria.
Asian markets account for roughly 75% of Iran’s crude oil exports. Reuters reported that Iran’s June 2016 sales to its four major Asian oil customers—China, Japan, India and South Korea—were 47.1% higher than a year ago. This infographic illustrates that Iran is on track to reclaim the share of the Asian oil market that it had lost due to sanctions.
Iran's return to the world economy will include the development of its most prized gas resource—the South Pars field—which it shares with Qatar. The implications could be increased competition between the two states, or an improvement in relations to ensure responsible dual management of the shared field.