Impact of Political Changes in Middle Eastern Energy on Global Energy Security

DOI

10.2991/978-2-38476-277-4_51How to use a DOI?

Keywords

Middle East; energy politics; geopolitics

Abstract

The Middle East possesses the world’s richest oil and gas resources and strategic passageways, making it a pivotal player in the global energy landscape. In recent years, the political dynamics of energy in the Middle East have been tumultuous, with intensifying power struggles both within and outside the region, leading to a significant rise in geopolitical risks. Confrontations between Saudi Arabia and Iran, the fragmentation of oil-producing country alliances, and the involvement of external major powers have made the situation in the Middle East increasingly complex, posing severe challenges to the security of oil and gas supplies. Geopolitical conflicts in the Middle East have led to drastic fluctuations in international oil prices, exacerbating market uncertainty globally and causing economic shocks and energy security concerns for major energy-importing countries. The geopolitical significance of Middle Eastern energy highlights its political and strategic attributes, becoming a key factor influencing regional stability and great power rivalry. Based on an overview of the evolution of the Middle Eastern energy landscape, this article focuses on analyzing the new changes in the current geopolitical situation and their impacts, while proposing strategies to mitigate risks and uphold energy security. Resolving geopolitical risks in Middle Eastern energy requires concerted efforts from regional stakeholders, external major powers, and major energy-importing countries. It necessitates reshaping mutual trust with strategic determination and political wisdom, while continuously striving towards energy transition, enhancing global energy governance, and promoting economic diversification in the Middle East. Together, let us forge a peaceful, stable, and sustainable future for Middle Eastern energy.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Zhijie Wen
PY  - 2024
DA  - 2024/09/02
TI  - Impact of Political Changes in Middle Eastern Energy on Global Energy Security
BT  - Proceedings of the 2024 10th International Conference on Humanities and Social Science Research (ICHSSR 2024)
PB  - Atlantis Press
SP  - 454
EP  - 461
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-277-4_51
DO  - 10.2991/978-2-38476-277-4_51
ID  - Wen2024
ER  -