Chartered Portfolio Manager- Week 9 Discussion Post and Student Assignment - 1

Chartered Portfolio Manager- Week 9 Discussion Post and Student Responses - Assignment Example Following the Second World War, it was clear that oil was a coveted industrial commodity. The most celebrated and visible event in history took place when the United States president, Franklin Roosevelt met the founding monarch of Saudi Arabia. The meeting between the two world leaders linked American national security and Middle East oil. It also gave birth to one of the most significant strategic relationship that was forged in the 20th century with Saudis meant to supply cheap oil to the world markets with an aim of acquiring American protection. Over the course of the 20th century, preserving the security of Saudi Arabia as well as that of other countries such as Iraq were among the main political and economic concerns of countries such as the united states of America (Bouillon, 2013). The presence of oil in the Middle East countries and the struggle to control the commodity was fraught with peril and always proved costly in terms of treasure and blood. Oil has continued to flow into the global markets even though with a lot of difficulties emanating both internally and externally. Since the end of the 1970s, most of the countries in the Middle East including Iraq have experienced permanent war and revolution as a result of the commodity. In Iraq for example under the regime of Saddam Hussein, was rocked by domestic war that resulted to loss of lives. Even though security is measured by absence of war, most of the countries in the Middle East have encountered threats of domestic and international war as a result of supply of oil. The United States led inversion of Iraq in the year 2003 and the conflicts experienced in most of the countries in the region have represented both the international and domestic politics affecting the region. The American military invasion of the country represented only a stage of the US militarism in the Middle East. While more considerable