You are here:
Petrodollars at work: Rivalries in the Persian Gulf
Over the past several years, the states of Eastern Arabia – notably Bahrain, Kuwait, Oman, Qatar, and the United Arab Emirates (U.A.E.) – have had to increasingly deal with a number of crises.
The most important of these crises involves the very resource with which these nations’ livelihood depends: oil. Another troubling crisis for these states has been the withdrawal of the United States from the region and the ascendancy of Iran. Squeezed between the two regional hegemons of Iran and Saudi Arabia, these tiny states have sought to protect their independence as well as self-interests by building themselves into important centers of power through their immense wealth and influence. Controlling these states would be highly beneficial for each regional hegemon, since it would give the controller access to not only those reserves of wealth and influence, but also extensive maritime access to the Persian Gulf.
The future of