A growing market for US goods and services The Middle East is composed of many countries across the wealth spectrum, from the poorest such as Yemen to the richest like Qatar. It boasts one of the youngest and fastest-growing populations in the world that is expected to reach approximately 580 million people by 2030.

Since the 1930s the Middle East has emerged as the world’s most important source of energy and the key to the stability of the global economy. This tumultuous region produces today 37% of the world’s oil and 18% of its gas. It is home to 65% of proven global oil reserves and 45% of natural gas reserves.

The Middle East is a geographical region that has been of great importance in history since ancient times. Strategically located, it is a natural land bridge connecting the continents of Asia, Africa, and Europe. In recent times its enormous deposits of oil have made the Middle East more important than ever.

Why is Middle Eastern oil so important for the world economy? The Middle East holds 50% of the world’s supply of oil, and it is also the cheapest to produce.

As the two most important resources in the region, water and oil have caused such conflicts. Oil is the most abundant resource in the Middle East, and many countries’ economies are dependent on it. However, oil is not equally distributed between all countries.

How did the diversity of the peoples of the Middle East contribute to the fall of the Ottoman Empire? conflict between religious and ethnic groups led to the fall. Britain tried to control the conflicts. Ater the Holocaust ended, many survivors came to Palestine.

Imperial House of Japan