War in Yemen, war in Syria, confrontation with Iran, a diplomatic crisis with Qatar and now, to top it off, the coronavirus crisis and the collapse in oil prices.
The Persian Gulf countries have been living on the brink of a nervous breakdown for a few years.
And yet these are some of the richest countries in the world, at least given the immense fortune that the royal families that govern these countries control.
The point is that with the current coronavirus crisis and the collapse in oil prices, many of these monarchies are up against the ropes.
And that brings up several questions: What exactly is happening with the petro-monarchies of the Persian Gulf? What future do they face? Is their story of money, riches and power coming to an end? Which countries will be most affected? In this video, we’ll tell you all the details.
Iran, also called Persia, officially the Islamic Republic of Iran, is a country in Western Asia. Its central location in Eurasia and proximity to the Strait of Hormuz give it significant geostrategic importance. Tehran is the capital and largest city.
Iran is home to one of the world’s oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. The Iranian Revolution established the current Islamic Republic in 1979.
Iran’s political system combines elements of a presidential democracy and an Islamic theocracy. Iran is a founding member of the UN, ECO, OIC, and OPEC. It is a major regional and middle power and has large reserves of fossil fuels — including the world’s largest natural gas supply and the third largest proven oil reserves.
The country’s rich cultural legacy is reflected in part by its 22 UNESCO World Heritage Sites. Historically a multi-ethnic country, Iran remains a pluralistic society comprising numerous ethnic, linguistic, and religious groups, the largest being Persians, Azeris, Kurds, Mazandaranis and Lurs.
Qatar is a peninsular Arab country whose terrain comprises arid desert and a long Persian (Arab) Gulf shoreline of beaches and dunes. Also on the coast is the capital, Doha, known for its futuristic skyscrapers and other ultramodern architecture inspired by ancient Islamic design, such as the limestone Museum of Islamic Art. The museum sits on the city’s Corniche waterfront promenade.
Syria, officially the Syrian Arab Republic, is a country in Western Asia, bordering Lebanon to the southwest, the Mediterranean Sea to the west, Turkey to the north, Iraq to the east, Jordan to the south, and Israel to the southwest.
Yemen, officially the Republic of Yemen, is a country at the southern end of the Arabian Peninsula in Western Asia. It is the second-largest Arab sovereign state in the peninsula, occupying 527,970 square kilometres. The coastline stretches for about 2,000 kilometres.