Shownotes

The Arab monarchies of the Gulf invested colossal wealth to build modern, diversified economic power. But their growing power depended on safety in the Persian Gulf, which in turn depended on an American military umbrella. Now, Trump’s war on Iran has shown just how flimsy that umbrella really is.

Still, these cash-rich and economically powerful monarchies retain tremendous influence as a cornerstone of the global economy and the Middle Eastern order.

Rohan Advani, a sociologist and Century International fellow, offers a tour of the political economy of Arab monarchies of the Gulf during a period of shifting world order that threatens to reduce their influence. 

Gulf wealth can no longer rely on the monarchies’ reputation for absolute peace and security, but will continue to act as a central force. What shifts can we expect in Gulf economic power and security in an era of declining American influence and increasing armed conflict in the Middle East?

Participants

Rohan Advani is a fellow at Century International. He is writing his doctoral dissertation at the University of California-Los Angeles on the financial tools of state power..

Thanassis Cambanis is director of Century International. 

Date: Tuesday, April 28, 2026

Episode: Order from Ashes 110