Simon Henderson

The major discovery is good news for Egypt but will likely impede Israel's much-delayed plans to exploit and export its own offshore reserves.

President Anastasiades will likely use this week's summit to build momentum toward the development of offshore gas reserves, with Iran and other issues making the agenda as well.

The final deal needs to specify the total enrichment capacity of Iran's installed centrifuges, mandate a robust verification regime, and include other restrictions to the nuclear program's size

Prince Muhammad's visit to Russia will increase speculation that Saudi Arabia's relationship with the United States is changing.

The June 5 meeting of OPEC oil ministers is expected to produce no change in policy, prompting questions of how long Riyadh can sustain its current spending.

As Prince Muhammad bin Salman's proactive approach to regional affairs becomes clearer, the novice defense minister could lead the kingdom to overreach in Yemen.

The latest restructuring in the Saudi hydrocarbon sector could mean new policies for the world's largest oil exporter.

This week's Gulf Arab summit in Riyadh and Secretary Kerry's May 8 meeting with GCC foreign ministers in Paris will be crucial to fixing the agenda for next week's Camp David summit.

Tuesday's meeting in Riyadh between King Salman and Pakistan's top military commander will revive speculation of a secret nuclear agreement to counter any Iranian nuclear threat.

The apparent collapse of the Yemeni government is a headache for Riyadh and bodes ill for U.S. counterterrorism strategy.