The year had just begun when news of the coronavirus outbreak shook the world. The World Health Organization declared it a pandemic when the new virus, named COVID-19, crossed international borders and spread rapidly into many countries of different continents. Over two months later, another bombshell hit the already shaken world: a drastic drop in oil prices as a result of strong disagreements between Saudi Arabia and Russia. These two developments created global scale crises that threaten the global economy and political stability, especially in the absence of a global leadership.