The Middle East Between Pandemic and Oil Crisis

Giovanni Sale, SJ

 Giovanni Sale, SJ / Politics / 13 January 2022

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In the last two years the world order has been shaken by the Covid-19 pandemic, which has generated new and increasingly aggressive variants, causing millions of deaths in many countries – especially where vaccines are scarce – and by the climate crisis, which is becoming more acute and worrying every year, so much so that it has mobilized not only activists in the field, the participants in so-called “ecological movements,” but also politicians and the world of finance and production in general. In particular, the crisis caused by Covid-19 led to the collapse of oil prices in the spring of 2020, a resource on which the world’s major economies still rely.

According to some analysts, the combination of the pandemic, the ecological crisis due to global warming and the consequent fall in the price of hydrocarbons (up to 50 percent) has led some Arab countries – in particular, the United Arab Emirates, Bahrain, Sudan and Morocco – between the summer and December of 2020, to sign the so-called “Abraham Accords” with Israel, which our magazine has already addressed.[1] These accords, in spite of the evident biblical reference, in reality have little religious significance. However, they close a historical fracture that opened in the Middle East in 1948 with the creation of the State of Israel and that has weighed so heavily – provoking conflicts, bloody clashes and terrorist attacks – on Middle Eastern politics in these last 70 years. 

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