An Iranian navy vessel closing in on the 'USS Paul Hamilton'. AFP
An Iranian navy vessel closing in on the 'USS Paul Hamilton'. AFP
An Iranian navy vessel closing in on the 'USS Paul Hamilton'. AFP
An Iranian navy vessel closing in on the 'USS Paul Hamilton'. AFP

Coronavirus: US-Iran tension is just one example of rising temperatures around the world


  • English
  • Arabic

Even as the coronavirus-infected world has witnessed numerous examples of collaboration and co-operation between individuals, organisations and nations, there are also worrying signs of confrontation between key actors in the region and on the global stage.

The recent escalation in US-Iran tensions in the Gulf waters is an important example. Incidents of Iranian gunboats harassing American warships, which have prompted a stern warning from US President Donald Trump, are related to several factors. They include the recent collapse in oil prices, the US presidential election in November and the holy month of Ramadan.

Indeed, some Iranian leaders see Ramadan as an opportunity to mobilise public support for the regime in Tehran, especially if Mr Trump delivers on his threat to "destroy" any of their gunboats. They are probably also hoping that the escalation will lead to an increase in oil prices, which should presumably benefit oil-producing countries such as theirs, while dragging Mr Trump into a military confrontation that could prove costly in an election year.

A confrontation is being "cooked up in Tehran" right now, I have reliably been informed, with the purpose of deflecting internal social pressures. Ordinary Iranians are said to be preparing for what is likely to be "a difficult post-Ramadan phase” because of the punishing effect of the coronavirus pandemic on an economy already battered by US-led sanctions.

Having concluded that Covid-19 will not lead to an end to American sanctions or the implementation of the European mechanism for circumventing those sanctions, the regime has seemingly opted to rely on military confrontation. According to reports, Iran could target tankers in the Gulf in the coming week.

It would therefore be foolhardy to expect the regime to reconsider its expansionary policies in the region. A visit to Damascus by Iran's Foreign Minister Mohammad Javad Zarif last week has only re-affirmed Tehran's support for Syrian President Bashar Al Assad's regime.

That meeting received negative coverage in the Russian media, with Moscow being a key ally of Damascus. However, Iran and Russia have since renewed their pledge to co-operate in the war-torn country. It has also been reliably learnt that Russia – which is currently wrestling with the pandemic and the oil shock – will resume its support for the Assad regime over a new offensive in the north-western province of Idlib, parts of which are still held by rebels.

Russia is indeed reeling as a result of the virus – primarily because of the oil prices. Last week, the former deputy foreign minister Dr Andrei Fedorov had correctly predicted in this column that prices would crash below zero. His view was that this crisis is troubling for Russia, which lacks the economic resilience that Saudi Arabia, for instance, enjoys. "We are on the verge of an economic crisis that will last for at least two years," Dr Andrei Fedorov said.

These days, there is concern among many governments – particularly the Trump administration – that the crisis could lead to social unrest, uprisings and protests, many of which have already begun in the virtual sphere. The growth of these protests is likely to encourage leaders to ease lockdowns, which exacerbate unemployment levels and stoke feelings of restlessness.

This has put a tremendous amount of pressure on the administration, with the US having become the eye of the storm in recent weeks; the death toll just passed the 50,000 mark this week. The current oil prices could well bankrupt major American oil companies and crash the strategic hydrocarbon sector, which could also have negative implications for Mr Trump's election chances – although a second term is still within reach for the President.

The US-China relations could prove to be a key factor in the presidential election. The opposition Democratic Party has accused Mr Trump of excessively blaming Beijing for the sake of electoral calculations. But the fact that Germany, the UK, France and other European nations are also holding China partly responsible for the spread of the virus has made it look weak.

On the other hand, the Trump-led Republican Party supports the idea of confronting China, with US Secretary of State Mike Pompeo's allegation that the virus originated in a Chinese lab receiving support within the party. All this is unlikely to bode well for Beijing's reputation. And even though there are signs of an economic revival in China, authorities recently had to shut down the city of Harbin. All eyes will therefore be on the outcome of the Communist Party Central Committee meeting in the coming weeks, with speculation that Beijing could suspend projects under its Belt and Road Initiative.

It is important to point out that leaders and followers all over the world have been left anxious by the terrible tempest unleashed by this virus. And the problem is that there is little to indicate that tensions – be they military, economic or social in nature – will recede quickly in the post-coronavirus world.

Raghida Dergham is the founder and executive chairwoman of the Beirut Institute

Usain Bolt's time for the 100m at major championships

2008 Beijing Olympics 9.69 seconds

2009 Berlin World Championships 9.58

2011 Daegu World Championships Disqualified

2012 London Olympics 9.63

2013 Moscow World Championships 9.77

2015 Beijing World Championships 9.79

2016 Rio Olympics 9.81

2017 London World Championships 9.95

HOW TO WATCH

Facebook: TheNationalNews 

Twitter: @thenationalnews 

Instagram: @thenationalnews.com 

TikTok: @thenationalnews   

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Kandahar%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Ric%20Roman%20Waugh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EGerard%20Butler%2C%20Navid%20Negahban%2C%20Ali%20Fazal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202.5%2F5%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Yabi%20by%20Souqalmal%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMay%202022%2C%20launched%20June%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EAmbareen%20Musa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%20u%3C%2Fstrong%3Endisclosed%20but%20soon%20to%20be%20announced%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E12%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eseed%C2%A0%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EShuaa%20Capital%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

How to vote in the UAE

1) Download your ballot https://www.fvap.gov/

2) Take it to the US Embassy

3) Deadline is October 15

4) The embassy will ensure all ballots reach the US in time for the November 3 poll

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A

Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)