The abundance of oil resources in the Middle East makes this region have a strong influence on world geopolitics.
Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atThe following article was translated using both Microsoft Azure Open AI and Google Translation AI. The original article can be found in
The worry is based on the diplomatic relationships of several Arab countries that are close to the United States. In addition, some Arab countries have now made peace with Israel, such as the United Arab Emirates, Bahrain, Sudan, Morocco, Jordan, and Egypt. Even Saudi Arabia, as the leader of Gulf countries, is increasingly close to efforts to restore diplomatic ties with Israel.
The lack of solidarity among Arab states can lead to conflicting interests in supporting their respective camps. This is very vulnerable to triggering wider tensions and can have an impact on the distribution of crude oil and its derivative products globally. If this happens, it will create economic turmoil caused by skyrocketing prices of global crude oil.
The financial burden borne by oil-poor countries will be increasingly burdensome with the soaring prices of oil in the global market. Each country must devise strategies to deal with this situation by implementing its fiscal and monetary policies appropriately according to their respective conditions, in order to avoid economic stagflation in the country in question.
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