Energy prices link America’s Asian pivot and Middle East instability
United States foreign policy in the Middle East and the Far East is becoming increasingly interlinked by the price of energy. Oil prices are the trigger to instability spreading from the Middle East to America’s major trading partners - China and Japan - and Asia’s other markets. Energy prices will play a vital role in crisis management as perception grows that the US is disengaging from the Middle East.
AMERICA’S so-called ‘pivot’ towards Asia and its surprise agreement in principle with Iran on its nuclear programme in November 2013, have caused a heightened degree of uncertainty among the ruling elite and political players across the Middle East and North Africa, especially in the...
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