Why is the Persian Gulf important to Iran's economy?

Answer 1

It is important because it is a major body of water for ships to come through. In the Middle East, a country by the name of Qantar (KAN-tahr) is a main source of oil and therefore is important to be accessible.

Answer 2

Oil. Most of the world's oil is shipped through the Persian Gulf by supertanker to all parts of the world. Until the world eliminates its dependency on oil, or discovers a richer source elsewhere, the Persian Gulf will remain a very important piece of water.

Answer 3

First off, its geographical location has the largest natural stockpile of petroleum (oil), so Saudi Arabia in essence is the biggest player on the oil market (but its not the only one).

In addition, its right next to Kuwait, Another Country with large stockpiles of oil, and since Iraq is right above Saudi Arabia, Saudi Arabia served as a strategic military area during the Iraq War.

Not only that, since Iran is close to Saudi Arabia as well, U.S. troops in Saudi Arabia serves to control Iran's influence in the region. For the Western World,

Saudi Arabia is the key "middleman" in controlling terrorism in the Middle East (especially in nations like Yemen).

Then if you go back in time, the Islamic world centered itself on Saudi Arabia; one of Islam's 5 pillars requires Muslims to do a haj, or a pilgrimage to Mecca, Saudi Arabia, at least once in their lifetime.

For Muslims, Saudi Arabia=Mecca=Haj=VIP (very important place)

Answer 4

The Persian Gulf is very important to Iran for a number of reasons. The primary reason is that it provides a mechanism for Iran to export its petroleum around the world. It also provides Iran access to an incredible amount of seafood, trade, and cultural interaction with its neighbors.

Answer 5

Beecause the US gets lots of oil from the area.

Answer 6

Because of it's oil resources.

Answer 7

Because it is a frequent area of conflict