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We get it: The Middle East can be a complicated place, and sometimes it’s difficult to wrap your head around all the regional conflicts and political drama - that’s where we come in. We’re here to break down the major headlines, talk with experts and journalists, and give you a clearer picture of what’s happening in the region so you can impress your friends and promote our podcast. Sorry, that’s the shameless plug we were supposed to delete. Oh well. Off the Hookah with Phil and Cooper is a production of Al-Monitor.


Episode #130: The Price is Wrong

by Phil & Cooper Wednesday, Apr. 1, 2020

As the coronavirus crisis continues to grip the world, the markets have been on the shakiest ground yet since the 2008 economic recession - especially with regards to the price of oil. In the last few years, Saudi Arabia and Russia have developed a special relationship to stabilize oil prices in the face of growing competition from the Americans, who for the first time has begun to outpace both countries in terms of production. But when demand for oil began to fall precipitously in the face of COVID-19, the relationship ended in a messy way. Phil and Cooper break down the bad breakup and how it’s affected economies worldwide.

Extra Listening

Music: Elman - “Антигерой” (Spotify)

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