The new Saudi realignment

There are two main milestones in restructuring Saudi Arabian foreign policy in the post-Cold War period, namely, the 9/11 terrorist attacks and the Arab insurgencies and revolutions that erupted in 2011. These two significant developments have vastly changed regional and global balances, leading to the redefinition of Saudi foreign policy preferences.

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The new Saudi realignment
The cost of America's 6 billion prisoner exchange with Iran

The cost of America's $6 billion prisoner exchange with Iran

The Biden administration is careful not to create expectations regarding the prisoner exchange agreement with Iran, aiming to emphasize that such "humanitarian" efforts are separate from the nuclear issue. Immediately after the successful exchange, the U.S. imposed new sanctions on Iran, indicating that the situation is not merely a simple prisoner swap. The fact that the exchange also involves the release of $6 billion in Iranian oil revenue frozen in South Korea for humanitarian purchases shows that it is more than just a prisoner exchange. The U.S. government, perhaps to avoid any political cost domestically, is both imposing new sanctions and claiming that it has no connection to the stalled nuclear negotiation process.

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President Recep Tayyip Erdoğan’s trip to New York highlighted the question of United Nations reform anew.

President Recep Tayyip Erdoğan’s address at the 78th United Nations General Assembly provided a profound insight into the global and regional priorities that guide Turkish foreign policy. In an era marked by escalating global and regional power rivalries, growing global uncertainties and a changing regional geopolitical landscape prevalent with security challenges, Türkiye faces the imperative of redefining its foreign policy.

I am in New York City, where the heart of diplomacy is beating, with President Recep Tayyip Erdoğan for the 78th Session of the United Nations General Assembly. This year’s general debate theme, which takes place after the BRICS (Brazil, Russia, India, China and South Africa) expansion and the G-20 summit in New Delhi, India, will be “rebuilding trust and reigniting global solidarity.”

In a world marked by escalating global power struggles and growing uncertainty, the United Nations, as the foremost international organization, will once again take center stage at the upcoming General Assembly. Unsurprisingly, Russian President Vladimir Putin and Chinese President Xi Jinping will abstain from attending, as has been their custom during the annual New York gathering each September.

The risk of world disorder

The world has been in transition since the end of the Cold War and the collapse of the bipolar world system in the early 1990s. Several attempts to consolidate the Western, i.e., American, hegemony during the first decade of the post-Cold War period have failed. Some may argue that the 9/11 terrorist attacks were against the symbols of American hegemony and were a turning point in the search for a new hegemon. However, the American reactions, namely the invasions of Afghanistan and Iraq, failed. The United States could not ensure the unity of the West: Western European countries followed different, sometimes conflictual, policies.

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The risk of world disorder

This week, the book "The Last Politician," authored by Franklin Foer, sheds light on President Biden's first two years in power and his approach to domestic and foreign crises. Foer, who had relatively broad access to White House officials, emphasizes that Biden is the exact opposite of "anti-politician" figures like Obama and Trump, lacking Washington experience. With extensive Senate experience, Biden is a persistent politician who seeks compromise with his political rivals, standing against the prevailing notion of viewing Washington politics as something negative. In American politics, where politicians who promised to "drain the Washington swamp" have often gained an advantage, Biden stands out as one of the recent politicians demonstrating that classic compromise politics can be successful.

Recent developments in Syria show that the dynamics caused by the civil war are still in effect as demonstrations against the Bashar Assad regime continue due to economic dissatisfaction and clashes between local Arab tribes and the PKK terrorist group’s Syrian presence YPG accelerate.

Türkiye has been facing many vital challenges since the end of the Cold War, especially in the last decade. Türkiye tried to overcome these challenges together with its allies. There was a high level of cooperation between Ankara and its Western allies during the first decade of the Justice and Development Party (AK Party) governments.

U.S. Commerce Secretary Gina Raimondo focused on managing trade issues between the two countries during her four-day visit to China. Following her meeting with her Chinese counterpart Wang Wentao, Raimondo announced the creation of a joint forum to reduce tension. She emphasized that the Biden administration would not compromise on national security by advocating for restrictions on chip exports. Raimondo's visit marked the first by a U.S. Commerce Secretary to China in five years and followed visits by Secretary of State Blinken in June and Treasury Secretary Janet Yellen in July. It is clear that the Biden administration is continuing its economic struggle with China while attempting to reduce rising tensions to safeguard American economic interests and capital in the country.

BRICS was established as an economic bloc by the fastest-growing countries, namely Brazil, Russia, India, China and South Africa. BRICS has positioned itself as an economic bloc and an alternative to the G-7, the economic bloc of the most advanced countries, since the first summit held in 2009. While the G-7 represents the advanced Western world and the North, BRICS represents the non-Western world and the Global South.

Money lost to interest payments creates debt burdens and shrinks public resources that could be channeled into development-friendly areas.

The intense global economic rivalry between the US and China is leading to a fierce competition, particularly in the advanced technology sector. While Washington imposes measures to limit the export of high-tech products to China, Beijing is not sitting idle. A recent example is Intel, the giant US computer chip producer, retracting its decision to acquire Israel's semiconductor chip manufacturer, Tower Semiconductor. Intel had initially planned to acquire Tower to remain competitive in chip manufacturing and had obtained approval from American authorities. However, after waiting for 18 months without approval from Chinese authorities, Intel was forced to announce the cancellation of the acquisition. Intel, which generates 27% of its global revenues from China, avoiding jeopardizing this relationship, demonstrates how complex the economic battle between the US and China has become.

Here is why gold has recently been the main instrument of political revolt against the U.S.-dominated financial order.

The grain corridor has resurfaced on the global agenda as a sort of ideological fight. On July 17, Russia announced it would not extend that agreement, which was signed in Istanbul on July 22, 2022, thanks to President Recep Tayyip Erdoğan’s efforts. Specifically, Moscow says it won’t honor the agreement unless sanctions targeting Russian fertilizer companies are lifted.

Western countries, including politicians, business circles, academia and media, have been insistently and deliberately otherizing and alienating Islam and Muslims for the last three decades. Immediately after the collapse of the Soviet Union, the end of the Cold War and the elimination of the communist threat, influential Western circles began to consider Islam and Muslims the main threat to the Western-dominated world hegemony.

Russia’s suspension of the Black Sea grain deal continues to capture the global media’s attention as that decision disproportionately hurts African nations. Having hosted 17 African heads of state and government last week, the Kremlin used the discourse of “opposing new Western colonialism together” at the Russia-Africa Summit – where Russian President Vladimir Putin pledged free grains to Africa.

The American presidential elections are famous for their long and extensive primary process, which takes about one and a half years to complete. During this period, candidates participate in televised debates to present themselves to the public, and after four to five months, different states select their candidates in the primaries. In the 2024 presidential campaign, the Republican Party will hold its first debate in August 2023, followed by debates in September and October. The primary process will begin in January 2024, with Iowa being the first state to hold primaries, and by the end of March, the candidate will likely be determined. The competition between the two parties' candidates will continue until the November 2024 elections, ultimately deciding the next president. Considering the current balance, it is highly likely that Trump and Biden will face each other again in the November 2024 elections.