Uneasy neighbours
Strains within the GCC and shifting external alliances will make for an unsettled year
The Gulf Cooperation Council began 2017 looking at the new US administration with hope, albeit—as in other parts of the world—with varying expectations. Obama's approach to the GCC and broader region was seen by GCC countries as misaligned with its interests. The Gulf states looked at Obama's support for Arab Spring protests; his engagement with Iran over its nuclear programme; and his administration's lack of action in Libya, Syria and Yemen as symptoms of America's dwindling interest and engagement in the region, and, at times, of policies perceived as opposed to some of the GCC states' interests. The incoming Trump administration attempted a reset by recasting American priorities in the r
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat






