It is hard for these countries to earn money in other ways.
The Strait of Hormuz is strategically important because it serves as a critical chokepoint for global oil transportation, with approximately 20% of the world's oil passing through it. Its narrow passage connects the Persian Gulf to the Arabian Sea, making it vital for oil-exporting countries like Iran, Iraq, and Saudi Arabia. Control over this strait can significantly impact global oil prices and energy security, making it a focal point of geopolitical tensions. Additionally, its significance is heightened by the presence of military assets and the strategic interests of various nations in the region.
The Strait of Hormuz is strategically important because it is a narrow waterway connecting the Persian Gulf to the Arabian Sea, through which approximately 20% of the world's oil supply is transported. Its geographical location makes it a critical chokepoint for global oil trade, and any disruption in this area can have significant implications for energy markets worldwide. The strait's importance is further underscored by its proximity to several key oil-producing nations, making it a focal point of geopolitical tensions and security concerns.
oil had been discovered there
because it is more profitable than any other production
Spratlys islands has a lot of oil. And it has a lot of natural resources. That is why china wants is so badly,they are selfish and they want to own something eventhough it belongs to someone, they will force it. China is a big bully compared to the other countries.. the spratly islands really belongs to philippines...
It made the countries on the Arabian Peninsula much more wealthy.
it is important because it is their most valuable resources. without it they would be poor.
Oil is abundant on the Arabian Peninsula.
They developed other industries
Well, according to my knowledge, it is oil.
Oil, that's it. Other than that, it would be a worthless desert.
Oil is the primary foundation of the Arabian Peninsula economy. Natural gas is also essential to the Arabian Peninsula's economy.
it is important because it is their most valuable resources. without it they would be poor.
The countries realize that one day they will run out of oil.
The countries realize that one day they will run out of oil.
The countries realize that one day they will run out of oil.
Oil is found in the Middle East in Asia. The countries are Saudi Arabia, Iraq, and others countries that have access to the Arabian Peninsula.