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What was the effect of the closing of this trade route for oil from the Middle East to Europe?
Wiki User
∙ 11y ago
The Western World is very dependent on oil, and account for the overwhelmingly majority of oil imports. Although some of the world's largest oil producing countries are in Europe (Norway, the United Kingdom, etc.), the majority of the oil used comes from the Middle East because this region dominates the oil market. Cutting off the trade route for oil from the Middle East to Europe would greatly damage Europe financially.
Wiki User
∙ 11y ago
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What are the Positive and negative effect of Mediterranean trade route?
Positive: Cultural diffusion between Africa, India, The Middle East, and Europe. Negative: Depleted Natural resources of the area
What did the Crusaders establish in the Middle East and how did that affect Europe?
they established a trade route to your momas house
Transatlantic?
A plane or ship going across the atlantic ocean multiple times.
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Europe, Africa, and America. Homeward, Middle, and outward passages.
Geometric name for transatlantic network of trade?
The geometric name for the transatlantic trade route that dealt in African slaves was called the Triangle Route or the Middle Route. It went to Africa, North America and Europe.
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The Suez Canal provides the shortest sea route between Asia and Europe and currently handles about 7.5% of world trade. The closure of the canal was a substantial unexpected shock to world trade that appeared at the time to be permanent. For some pairs of countries the increase in distance was substantial.
What city in Arabia was located on both a sea route and a land route to the Europe?
what city was located on both a sea route and a land route to Europe
Is the middle passage the same thing as the triangular trade route?
the middle passage is one part of the triangular trade. the middle passage was the boat ride slaves were on to get to the place they were being delivered to. the triangular trade route was the process of the slaves being delivered from Africa to America,America sends sugar and other raw materials to Europe, and Europe sent textiles and guns to Africa. hope that helps (:
What route did vasco da gamma establish?
he made a direct route from Europe to India
The Russian trade route was called the .?
This trade route was known as the Varangian Route. The Route connected Europe to Asia through the Russian territory.
How far is it from the middle of America to Iraq?
From Kansas to Iraq, going the nearest route (over Canada, across Greenland and across Europe) it is 6,811 miles.
Who control trade in Europe in the Middle Ages?
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