Russia’s War Has Made the Gulf States More Powerful
Chinese leader Xi Jinping meets Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud following an official welcoming ceremony in Riyadh on Dec. 8. Thanks to Russia’s war on Ukraine, Gulf states have been exercising greater geopolitical power over the past year.
Photographer: Anadolu Agency
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Hi again, it’s Erik Schatzker, editorial director of Bloomberg New Economy. If you’ve traveled to the Persian Gulf recently and noted a new swagger to the place, you’re not alone. It’s unmistakable. I was there recently and couldn’t help but feel the self-assured confidence and cool sense of authority in my conversations with business leaders and government officials.