The world moves with the power of oil! The relationship between Middle Eastern affairs and international politics
Hey everyone, oil is such an important energy source, right?
But it’s not just any energy source—it plays a super important role in politics too!
Today, I’ll explain in an easy-to-understand way how oil impacts international relations and how the situation in the Middle East shakes the world!
Get excited and listen carefully!
1. The Thrilling Relationship Between Oil and Politics!
Oil isn’t just fuel!
It’s an extremely important card in global politics!
Countries that have oil become really powerful, and they use it to negotiate with other nations.
That’s why there are always intense dramas surrounding oil!
1-1. What is OPEC? The Powerful Group That Controls Oil Prices!
Have you ever heard of OPEC?
OPEC is like a team made up of countries that hold a lot of oil!
This team controls oil production, so they pretty much decide the global oil prices!
For example, during the 1973 “Oil Shock,” OPEC countries reduced oil supply, which led to a shortage worldwide and caused prices to skyrocket!
This is a story that shows just how important oil is as a resource!
1-2. The Connection Between Oil Sanctions and Conflicts
When a country with oil causes problems, other nations sometimes impose sanctions saying, “You can’t sell oil!”
For example, Iran got into a dispute with other countries over nuclear development, and at one point, they couldn’t export oil.
As a result, there was a shortage of oil, and prices went up all over the world!
Oil sanctions affect the entire world, so they’re a really important issue!
1-3. Wars Have Been Fought Over Oil!
Believe it or not, wars have even broken out because of oil!
One example is Iraq’s invasion of Kuwait in 1990.
Iraq wanted Kuwait’s oil, so they invaded (there are different theories about this).
But the international community opposed this, and the Gulf War broke out!
Oil truly has the power to move the world!
2. Middle Eastern Affairs and Oil! You Can’t Ignore Either!
The Middle East is the region with the most oil reserves in the world!
Countries like Saudi Arabia, Iran, and Iraq are especially well-known.
Because of this, events that happen in this region have a huge impact on oil prices and supply.
When the situation in the Middle East changes, oil prices move around the world!
2-1. Saudi Arabia, the Kingdom of Oil!
Saudi Arabia has the largest oil reserves in the world and is like the leader of OPEC!
When Saudi Arabia says, “We’ll produce a lot of oil!” prices go down, and when they say, “We’ll reduce it a bit,” prices go up.
That’s why the world is always watching Saudi Arabia’s actions!
2-2. The U.S. vs. Iran: A Head-to-Head Showdown
Iran is a super oil-rich country in the Middle East, but due to issues with nuclear development, it’s in conflict with the U.S. and has been sanctioned.
When sanctions are imposed, Iran can’t export oil, leading to a global shortage and price increases.
You can’t take your eyes off Iran’s moves either!
2-3. Geopolitical Risks! Anything Can Happen!
Wars and terrorism in the Middle East have a massive impact on oil production and transportation!
For example, there was an attack on Saudi Arabia’s oil facilities, and when that happened, oil prices around the world suddenly shot up.
Incidents like this make you realize just how important oil is!
3. Oil Is Important for the Future Too!
Oil isn’t just fuel—it’s a superpower that influences world politics and economics!
Since the Middle East holds so much oil, what happens in this region affects the entire world!
Whether it’s OPEC’s actions, Iran’s sanctions, or geopolitical risks, you can’t miss out on news related to oil!
Be sure to keep an eye on it too!
(Note)
Hey everyone, this content is based on an answer from an AI!
But remember, AI answers aren’t always 100% accurate, so make sure to verify important information!
Thanks for reading today!
