The Impact of the Oil Crisis on the MENA Region
The countries of the Middle East and North Africa (MENA) region are among the most exposed ones to fallout from a possible global recession due to the economic repercussions of the current COVID-19 pandemic and the recent collapse in the oil prices. Heavily relying on oil revenues, the MENA region oil producers will face long-term challenges from a financial, political, social and security perspective. This situation will also have ramifications for Saudi Arabia-Iran relations and for the post-oil economic plans of some of the MENA countries.
Summary report of the virtual expert briefing entitled “The Impact of the Oil Crisis on the MENA Region”, organised on 27 April 2020 by the Istituto Affari Internazionali (IAI).