Oil is not the only source of conflict in the Middle East. However, this hydrocarbon plays an important part in the rivalry of the countries of this specific region of the world. By the way, how is oil doing in the Middle East? Oil, a way of exerting pressure A significan part of the world's oil reserves are located in the Persian Gulf, including Saudi Arabia, the United Arab Emirates, Kuwait, Iraq and Iran. As a result, these countries dominated the market for a long time during the mid-twentieth...