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umka2103 [35]
2 years ago
7

What role does oil play in the economic and political challenges facing the Middle East?

History
2 answers:
Contact [7]2 years ago
6 0

Oil has had a beneficial and detrimental influence on the Middle East's social, political, and economic elements. It has enhanced the economy's riches while simultaneously increasing foreign debt. It prevented Saudi Arabia from participating in the Arab Spring, yet it has resulted in political corruption in certain nations.

LiRa [457]2 years ago
3 0

Oil has positively and negatively impacted the social, political, and economic aspects of the Middle East. It has increased the wealth of the economy but also led to foreign debt. It kept Saudi Arabia out of the Arab Spring but has led to political corruption in some countries.

<h3>What role did oil play in the Middle East?</h3>

For decades, the Middle East has been supplying a big part of the oil consumed around the world. Much of the economic development and wealth of these countries is thanks to generous income coming from oil exportation. Saudi Arabia has led the production for decades.

<h3>Why is Middle Eastern oil so important for the world economy?</h3>

Since the 1930s the Middle East has emerged as the world's most important source of energy and the key to the stability of the global economy. This tumultuous region produces today 37% of the world's oil and 18% of its gas. When it comes to reserves, the Persian Gulf is king.

Learn more about Middle Eastern oil here: brainly.com/question/2652338

#SPJ2

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<h3>What are the six essential elements of geography?</h3>

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Learn more about geography at;

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CHECK THE COMPLETE QUESTION:

All of the following are examples of the environment element of the six essential elements of geography except.

A.setting in a region with a mild, predictable climate

B. constructing dams to prevent flooding

C. building a house made of mud in a hot, dry area

D. trading with other societies for scarce Goods

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