NSTletters 'It is not hard to see why the Middle East is in turmoil again.'
The Iranian Revolution in 1979 brought power to the ayatollahs, and was followed by the Iran Iraq War in 1980-1988 and the occupation of other areas of the region outside of Iran by the Americans. - AFP pic, it has to do with the oil. The Middle East has a monopoly on the world’s supply of oil.
Most of this oil is transported from the major world suppliers — Saudi Arabia, Kuwait, Iran and Iraq — and goes through the narrow Straits of Hormuz in the southern part of Iran before entering the Indian Ocean and onwards to their destinations halfway around the globe., whichever country or countries, in control of the world and wholly dependent on oil supply from the Middle East, will not spare any effort to defend the security of that oil route.
The Iranian Revolution in 1979 brought power to the ayatollahs, and was followed by the Iran Iraq War in 1980-1988 and the occupation of other areas of the region outside of Iran by the Americans. This was achieved by working through military interventions and installations of governments friendly to it. The Americans disrupted the money trail used by IS to control the oil fields where it was in full strength in northern Iraq and northern Syria., the situation has gone from bad to worse since the election of Donald Trump as US president in 2016.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bersatu: Arifin factor expected to swing votes for Warisan in Kimanis | Malay MailKIMANIS, Jan 11 — Parti Pribumi Bersatu Malaysia (Bersatu) hopes that the influence and popularity of Membakut assemblyman Datuk Mohd Arifin Mohd Arif will help Parti Warisan Sabah (Warisan) candidate Datuk Karim Bujang win the Kimanis parliamentary by-election. Bersatu vice-president Datuk Seri...
Read more »
Analysts offer retrospective on recent oil price hike | Malay MailKUALA LUMPUR, Jan 12 — Oil prices have declined from recent highs and are now trading at levels more reflective of the market’s fundamentals as fears over the US-Iran conflict subside. The global benchmark Brent crude ended last week down 45 cents at US$64.92 (RM264) per barrel, while West...
Read more »
Minister: Malaysia, Pakistan to extend cooperation in palm oil trade | Malay MailKUALA LUMPUR, Jan 12 — Primary Industries Minister Teresa Kok’s visit to Pakistan has unearthed strong potential for Malaysia and the South Asian nation to cooperate further in palm oil trade as well as other commodities, her ministry said. The Primary Industries Ministry said Kok and...
Read more »
MPOB: Malaysia’s oil palm product exports rose 12pc in 2019 | Malay MailKUALA LUMPUR, Jan 10 — Malaysia’s oil palm product exports rose by 12 per cent to 27.86 million tonnes in 2019, thanks to the aggressive promotional efforts by the Ministry of Primary Industries and its agencies. In a statement, the Malaysian Palm Oil Board (MPOB) said that exports in November...
Read more »
Sabah to launch cheap cooking oil this yearChief Minister Mohd Shafie Apdal says the oil, produced by GLCs, will be sold at subsidised prices. FMTNews ShafieApdal CookingOil
Read more »
Malaysia, Pakistan keen to enhance trade in commoditiesPrimary Industries Minister Teresa Kok says Pakistan is a key importer of Malaysian palm oil and products.
Read more »