Deterrence Gap: Will the Eastern Shield Secure Tehran’s Airspace in the Next Confrontation?
Publications
2 Mar 2026

Deterrence Gap: Will the Eastern Shield Secure Tehran’s Airspace in the Next Confrontation?

The military operations that unfolded over twelve days in June 2025 between Iran and Israel marked a sharp breakpoint in the trajectory of regional military balance. The confrontation resulted in a substantial erosion of Tehran’s military infrastructure and inflicted significant material losses. The depth of this operational failure was most evident in the near-total collapse of Iran’s integrated air-defence system, with confirmed intelligence assessments indicating that Israel succeeded in neutralising more than 80 surface-to-air missile batteries and destroying over 120 launch platforms. This effectively stripped Iranian airspace of its protective shield and imposed a state of absolute Israeli air superiority.   Amid this collapse, Tehran effectively lost its entire arsenal of the Russian-made S-300PMU2 (“S-300 PMU-2”) systems, which it had acquired in 2016 after protracted negotiations and at considerable financial cost. These systems were systematically destroyed between 2024 and 2025. Iran’s domestic air-defence industries, represented by the Bavar-373 and Khordad-15 systems, also demonstrated clear operational inadequacy when tested in a real combat environment.   This exposed a wide technological gap between Israel’s offensive capabilities and Iran’s defensive assets. The Iranian air-defence network failed to record the downing of a single manned Israeli fighter jet, and Iran’s ageing air force, reliant on pre-revolution legacy aircraft such as the F-14 Tomcat, the Phantom, and the Tiger, supplemented by 1990s-era MiG-29s, stood incapable of competing or deterring effectively.   This total inability to contest the battlespace not only underscored tactical failure but delivered a decisive blow to the strategic assumptions underpinning Iran’s defence doctrine for decades, particularly its reliance on “asymmetric missile deterrence” and hybrid layered-defence networks.   Confronted with a reality in which its missile capabilities were neutralised and its aerial shield dismantled, the Iranian leadership was compelled to adopt a “post-war reset” strategy, launching an urgent acquisition campaign aimed at closing the technological gap by turning eastward towards Russia and China to rebuild its lost deterrence.   The fundamental question that will shape the next phase in the Middle East remains: Can this “hybrid deterrence”, comprising domestic missiles alongside imported, only partially integrated weapon systems, endure against an adversary that has already demonstrated both the willingness and the capability to deliver devastating strikes deep inside Iran?
Bazaar Diplomacy: Can It Deliver a Negotiated Breakthrough Between Washington and Tehran?
Programmes

Bazaar Diplomacy: Can It Deliver a Negotiated Breakthrough Between Washington and Tehran?

At the outset of 2026, the Middle Eastern geopolitical landscape is undergoing a profound reconfiguration driven not only by the outcomes of decisive military engagements but also by the complex and protracted diplomatic process that followed the Twelve-Day War of June 2025. In this context, the return of Iranian and American negotiators to the bargaining tables in Muscat and Geneva does not represent a routine resumption of traditional diplomacy. Rather, it constitutes a tangible expression and an evolved application of a deeply rooted strategic doctrine within the Iranian political mindset, commonly referred to in strategic literature as Bazaar Diplomacy. This approach extends far beyond the superficial notion of commercial bargaining and functions as a doctrine of statecraft, carefully engineered to navigate power asymmetries and confront adversaries endowed with overwhelming military and economic superiority.   At its core, Bazaar diplomacy represents a structural departure from the linear Western models of conflict resolution, which are typically constrained by fixed timelines, electoral cycles, and an urgent drive to reach a comprehensive, final agreement that brings crises to a formal close. For the Iranian negotiator, by contrast, time is neither a neutral container nor an external constraint; it is the primary strategic commodity and the central objective of the process itself. This philosophy is grounded in the notion that sustained, circular engagement in protracted talks is not merely a means to an end but a tactical end in its own right. Such engagement provides essential political cover to absorb peak external pressure, restrains an adversary’s momentum toward military action, and creates critical temporal space to repair internal fractures.   In the current context of 2026, this strategy has assumed existential dimensions that extend beyond routine political manoeuvring. Following the extensive damage inflicted on Iran’s nuclear and defensive infrastructure by U.S. and Israeli strikes in the previous year, and amid an economic collapse that has eroded the national currency and fuelled widespread protests, negotiations are no longer a matter of political discretion but a structural imperative for regime survival. Accordingly, Bazaar diplomacy functions as a refined mechanism of endurance. It deploys constructive ambiguity and offers technically reversible concessions, such as the temporary suspension of enrichment, in exchange for strategic and structural gains that are far more difficult to reverse, including sanctions relief and the entrenchment of economic interdependencies. The central question, therefore, is whether Bazaar diplomacy can ultimately deliver an agreement between Washington and Tehran.
The GCC and the Future of the Rare Earths and Critical Minerals Race
Programmes

The GCC and the Future of the Rare Earths and Critical Minerals Race

China is a dominant player in the rare earths and critical minerals industry. As of 2025, China is in control of “…about 61% of rare earth production and 92% of their processing”, meaning China monopolized the rare earths and critical minerals industry. While China dominates this industry, countries have been aiming to bolster their own rare earth and critical mineral ambitions to reduce their reliance on China as a supplier of raw materials and processed products. For example, GCC countries, in line with their 2030 visions, have increased their investments in the mining and processing of these elements to diversify their economies and become suppliers in an industry dominated by China. This analysis aims to assess the emergence of the GCC as a rare earths and critical minerals supplier, which will be done by analyzing the reasons and feasibility for GCC involvement in this industry as well as understanding the challenges these countries face in their entry into the market.
How the West Bank is the International Order’s Ultimate Test
Programmes

How the West Bank is the International Order’s Ultimate Test

The question of the West Bank has transcended its status as a mere component of the Palestinian–Israeli conflict to become a substantive test of the coherence of international law and the deterrence foundations upon which the post–Second World War international order was built.   On 9 February 2026, the Israeli Security Cabinet endorsed a package of extraordinary measures designed to consolidate Israeli control over the West Bank. The measures included rescinding the longstanding prohibition on the sale of land to Jews through the repeal of the Jordanian statute that barred the transfer of Palestinian property to Jewish purchasers; lifting the confidentiality of land registry records; transferring planning and construction powers in parts of Hebron from the Palestinian municipality to the Israeli Civil Administration; and broadening oversight and demolition authorities to extend into Areas A and B, which fall under Palestinian Authority jurisdiction in accordance with the Oslo Accords.   These decisions are likely to generate profound structural transformations in property registration and transfer regimes by permitting the public disclosure of landowners’ identities. Such disclosure opens the way for direct negotiations between Israeli purchasers and Palestinian proprietors, thereby facilitating a faster pace of acquisition and further entrenching settlement expansion throughout the West Bank.   In this context, the Israeli Settlement Council (Yesha) characterised the measures as “the most consequential in fifty-eight years,” portraying them as an effective governmental declaration of the restoration of the Land of Israel to its people. These moves do not represent an isolated incident; rather, they constitute one stage in an intensifying trajectory that, over the past two years, has fundamentally reshaped the conflict's underlying parameters, generating a transformed reality that necessitates analytical frameworks beyond traditional paradigms.
The Collapse of the Western Flank: The Implications of Maduro’s Fall for Iran
Programmes

The Collapse of the Western Flank: The Implications of Maduro’s Fall for Iran

Operation Absolute Resolve, which resulted in the removal of Nicolás Maduro and his spouse Cilia Flores on Jan. 3, 2026, constituted a watershed moment in the history of 21st-century geopolitical warfare. While initial indicators point to a seemingly limited regime change within Venezuela, the strategic repercussions of the operation inflicted severe damage on Iran’s forward-operating capabilities. For nearly two decades, Venezuela was not merely a diplomatic partner of Tehran; it served as an indispensable logistical bridgehead and a secure sanctuary in the Western Hemisphere. Through this platform, the Iranian regime was able to circumvent international sanctions, project asymmetric influence, and sustain a critical financial lifeline through illicit trade.
Gulf Sovereign Wealth Funds and the Video Game Economy
Programmes

Gulf Sovereign Wealth Funds and the Video Game Economy

The structural foundations of the global video game economy are undergoing a profound transformation that extends well beyond the traditional triad of dominance in North America, Japan, and China. Strategic gravity is increasingly shifting toward the Gulf region, propelled by unprecedented capital inflows led by sovereign wealth funds across the Gulf Cooperation Council (GCC). This momentum marks a pivotal inflexion point in the investment doctrine of these institutions, most notably Saudi Arabia’s Public Investment Fund (PIF), alongside Abu Dhabi’s Mubadala and ADQ, and the Qatar Investment Authority (QIA). Collectively, they have moved beyond passive portfolio management focused on the accumulation of safe-haven assets such as US Treasury securities and real estate, toward active, operational ownership in high-growth technology sectors.   Within this context, the gaming industry, currently valued at over $200 billion and projected to surpass $300 billion by 2028, has emerged as a central pillar of this strategic shift. Its distinctive convergence with media ecosystems and artificial intelligence positions it as an ideal vehicle for advancing the economic diversification objectives embedded in national development visions.   Gulf engagement in this domain extends well beyond purely financial considerations into the realm of geopolitics. Through the acquisition of intellectual property, distribution networks, and digital infrastructure, these states are seeking to establish a form of “digital sovereignty” as an alternative to the historical dominance of hydrocarbons within their economic models. This objective is being pursued through differentiated strategies, ranging from Saudi Arabia’s vertically integrated approach to the United Arab Emirates’ ecosystem-building model and Qatar’s strategy of strategic linkage and connectivity.   Accordingly, understanding this investment domain requires situating it within the context of broader macroeconomic transformations. Successive price shocks in global oil markets, most notably in 2014 and during the 2020 pandemic and its aftermath, have exposed the limitations of the traditional petrodollar-based model in ensuring long-term wealth sustainability. By contrast, the gaming sector offers a structural response to pressing demographic challenges: it generates a jobs multiplier that exceeds that of many other sectors and absorbs the “youth bulge” that constitutes the overwhelming majority of the population, transforming it from a consumer base of foreign content into a national productive base that consolidates the principles of a new economic nationalism
The Politicisation of Mossad: The Future of Israel’s Intelligence
Programmes

The Politicisation of Mossad: The Future of Israel’s Intelligence

On Dec. 4 2025, Netanyahu decided to appoint his Military Secretary, Major General Roman Gofman, as the Director of the Mossad. Gofman will replace the current Mossad head, David Barnea, whose five-year term ends in June 2026. This decision signals a key leadership change in the country’s most important intelligence agency, particularly given Gofman’s lack of intelligence experience and aggressive decision-making approach. Moreover, this movement indicates Netanyahu’s broader pattern of politicising the appointments of high-ranking officials in security agencies, where loyalty to him appears to be a decisive factor. Accordingly, the politicisation of Mossad raises serious questions about the future of Israel's intelligence.
Class, Declinism, and Emotional Turmoil: The Great British Migration to Dubai
Programmes

Class, Declinism, and Emotional Turmoil: The Great British Migration to Dubai

Since Brexit, the United Kingdom (UK) has been experiencing a governance issue, as the Conservative Party suffered from instability due to numerous leadership changes, while the recently elected Labour Party lacks the ambition and confidence needed to effectively govern. Combined with the shocks stemming from Brexit, COVID-19, and the Russia-Ukraine War, the UK has experienced economic stagnation and the deterioration of public services, which has resulted in British nationals migrating abroad.   One of these locations is the UAE, more specifically, Dubai. There are approximately 240,000 British nationals currently living in Dubai, with more to join as there was a 420% increase in internet searches in the UK centered on moving to Dubai. Those are staggering statistics, and the number is only going to grow as more British nationals across the socio-economic spectrum continue to migrate to Dubai. However, the reasons explaining British migration to Dubai are not as simple as lower taxes, security, and great weather. One can argue the rise of British migration to Dubai can be attributed to a desire to break from a ridged class system, declinism, and emotional turmoil brought on by the cost-of-living crisis.
The 2025 NSS: Disengagement or Entrenchment?
Programmes

The 2025 NSS: Disengagement or Entrenchment?

The National Security Strategy (NSS) defines the guiding vision of American power and provides a window into how the United States understands the international environment, identifies its priorities, and determines the political, military, and economic tools it will rely on to protect national interests. Accordingly, the NSS shapes defence planning, informs foreign policy doctrine, guides inter-agency action, and signals to allies and adversaries the direction of U.S. engagement in an evolving global landscape.   The 2025 NSS, issued by the Trump administration in November 2025, is a clear articulation of how this administration intends to position itself in a world marked by rising geopolitical fragmentation, sharpening competition, and growing domestic constraints. Its core purpose is to translate the administration’s worldview into a coherent framework that defines what the United States will prioritise, what it will deprioritise, and under what conditions it will expend political capital, economic leverage, or military force.   For the Middle East, understanding the 2025 NSS is essential because it captures the principles shaping America’s evolving posture toward the region. The strategy’s emphasis on burden-sharing, reduced military exposure, and transactional partnerships signals a shift in expectations for regional actors, while its focus on energy security, counterterrorism, and strategic competition with external powers continues to define the contours of U.S. interests. As a formal expression of how the administration interprets threats and opportunities, the NSS provides the clearest available roadmap of Washington’s intentions—and the framework within which its decisions toward the Middle East will be made in the years ahead.
Narrowing Pathways: What Choices Remain as Tehran Enters ‘Water Bankruptcy’?
Publications
11 Dec 2025

Narrowing Pathways: What Choices Remain as Tehran Enters ‘Water Bankruptcy’?

The escalating water crisis in the Iranian capital, Tehran, portends profound strategic repercussions that strike at the heart of national security and internal stability. Field indicators and updated international data up to 2025 point to the city reaching a stage of “absolute water stress.” This reality is manifested in the sharp and unprecedented decline in surface and groundwater reserves, as an inevitable result of the combination of long-term drought waves with decades of structural mismanagement and excessive depletion of resources, which has led to a decrease in the levels of strategic reservoirs to critical levels that directly threaten the continuity of drinking water supplies for millions of residents. The official warnings, hinting at the possibility of the capital drying up within weeks unless emergency measures are taken, are acquiring serious demographic and social dimensions. The danger transcends mere water scarcity, raising grave concerns about widespread social unrest, the need to adopt drastic policies such as forced displacement, or even the serious discussion of relocating the capital. Therefore, a comprehensive reform of water resource management policies, the strengthening of dilapidated infrastructure, and the adoption of sustainable solutions are imperative to contain the crisis and avert the looming scenarios of economic and security collapse.
The Lord of War: Netanyahu’s Profits Behind Gaza War
Publications
18 Nov 2025

The Lord of War: Netanyahu’s Profits Behind Gaza War

This investigative study adopts a rigorous, systematic analytical methodology to examine the true dimensions of Israeli Prime Minister Benjamin Netanyahu’s wealth, illuminating substantial structural discrepancies between his officially declared income and his accumulated assets. Utilizing evidence-based financial investigation, the research identifies sustained and deliberate efforts to obscure financial transparency, primarily through sophisticated mechanisms such as offshore banking, the purchase of assets via shell or limited liability companies, and the use of aliases. Furthermore, the study deconstructs the institutional networks and patterns of quid pro quo influence that facilitate the continuous recirculation of privileges, economic benefits, and power among elite government officials and leading actors in the Israeli defense industry.   The study underscores the instrumental role of political crises, particularly The War on Gaza, as strategic junctures that enable the executive to maximize discretionary authority and circumvent traditional oversight mechanisms. Empirical findings indicate that Netanyahu directly benefited financially from the war by leveraging his expanded emergency powers to authorize high-value defense contracts outside standard competitive bidding processes. This approach resulted in an unprecedented windfall for defense sector entities closely associated with his inner circle. The war context also facilitated the diversion of public resources to support the interests of this network, ultimately institutionalizing mechanisms for influence-sharing among policymakers and leaders in the military-industrial complex. Consequently, the aggregate value of contracts executed during states of emergency surged dramatically, exemplifying the organic convergence of political and economic power within Netanyahu’s administration. The systematic exploitation of crises thus emerges as a central feature in the amplification of personal wealth and the consolidation of elite privileges within a closed governance structure.
The Future Role of China in the GCC’s Tech Transition
Programmes

The Future Role of China in the GCC’s Tech Transition

China has a long-term goal to be a global leader in technology. To achieve such ambition, the country has taken serious steps widening its Belt and Road Initiative (BRI) traditional infrastructure projects to incorporate digital infrastructure projects embodied in the Digital Silk Road (DSR). The DSR was initially launched in 2015 by the government as an idea on paper and during the opening ceremony of the First Belt and Road Forum in May 2017, China’s President Xi Jinping, adopted the DSR term officially and it was incorporated in the government’s BRI strategy as the digital dimension.   The DSR initiative focuses on building digital infrastructure and exporting its technology to the beneficiary countries, it includes telecommunications infrastructure, like 5G networks, overland fibre-optic cables, data centres, cloud computing, artificial intelligence (AI), as well as applications that support e-commerce and mobile payments, along with smart cities and surveillance technology.  Additionally, the DSR provides support to Chinese tech companies, like ZTE, Huawei, and Alibaba, to carry on the work with the beneficiaries.   The DSR aims to enhance Beijing's global digital influence as it creates opportunities for a wide range of cooperation and partnerships between Chinses tech companies and other beneficiaries around the world in areas of digitalization and AI. China’s DSR encompass a variety of projects in 5G deployment, e-commerce platforms, and AI applications, such as DeepSeek which is an alternative model to ChatGPT.   China signed DSR cooperation agreements with several countries in Africa, the Middle East, Eastern Europe, Latin America, and Southeast Asia. The cooperation takes place between scientists and engineers from the recipient country and Beijing, like opening a training centre or in research and development (R&D). The areas of cooperation are wide, including smart cities, AI and robotics, clean energy, and surveillance capabilities, like data localization. GCC countries are considered one of the important partners to China’s DSR, where it is closely integrating in the GCC digitalization goals.