The Political Instability of the Middle East and Its Impact on Oil Production and Trade
DOI:
https://doi.org/10.15173/esr.v4i1.259Abstract
The political instability characterizing the Middle East is reviewed against a background of the region's recent history. The presence of oil and of Israel, regarded by other countries in the region as an alien implant, are seen as the special causes to particularly unstable political conditions. The impact of unsettling political events on oil supply is then explored. This reveals that the causes of political instability persevere, and so do the risks and dangers of future oil supply disruptions.
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