Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Oil Revolution, Iran's Answer to the West

Politics / Middle East Feb 20, 2011 - 02:26 PM GMT

By: Pravda

Politics

Best Financial Markets Analysis ArticleThe riots spread to the oil-rich Arab countries. During the clashes with police in Bahrain on February14-15, at least two protesters were killed. What is the cause of such instability in Bahrain? It would seem that one of the richest "oil cats" of the Persian Gulf cannot be threatened in principle.


However, despite the seeming luster, not everything is well in this country. The majority of its population is Shiites, including those who have moved here from Iran to earn money. Many are immigrants from other countries. As a result, 15 percent of working-age population is unemployed.

It should be noted that the current outbreak of violence took the authorities by surprise. The foreign minister of Bahrain Khalid bin Ahmed Al Khalifa said that there were no reasons for the violence there, as rallies and any other protests are not banned by the laws of the kingdom.

However, the unrest is caused by the fact that the majority of the population is dissatisfied with the fact that power is in the hands of the Sunni minority, which is less than 20 percent. As a result, the bulk of wealth from oil settles in the pockets of Sunnis, while all the others, especially the Shiites, whose share of total population is approaching 70 percent, get the least.

Now, to calm down the protesters, the authorities use not only a stick, which has shown not to be effective in Egypt, but also a carrot. The authorities of the kingdom said they will give 2700 dollars to each family, lower food prices and increase social benefits.

Send to friend Will this satisfy the Shiites who form the backbone of malcontents? It is doubtful. Not by chance the King of Bahrain Hamad bin Isa al-Khalifa accused Iranian intelligence, who allegedly orchestrated the rallies of the opposition, of organizing the riots.

Iran virtually does not recognize Bahrain in the form in which it exists. It claims that the islands that make up this state used to belong to the ancient Persian Sassanid state since the 4th century AD, and that the Persians lost control of it only because the machinations of the Western colonizers, first Portuguese and then British.

In part, the Iranians can be understood. The independence of the territory they consider theirs, as claimed by the Persians themselves, was provided by the British. In doing so they planted a bomb under the foundation of the stability of the region as a whole.

Since 1970, the Shah Iran has been openly claiming Bahrain and other islands in the Persian Gulf. However, the ruling dynasty Pahlavi has agreed with the British "not to pursue" their claims on Bahrain if their "other requirements" are met.

Despite the obscureness of such wording, while the shah ruled Iran, complications could be avoided. However, after the Islamic Revolution of 1979, Ayatollah voided many of the agreements of the shah to the West, including those relating to Bahrain.

It would be naive to believe that Iran, that has claimed the control over these territories earlier, has abandoned these claims now, when oil-rich fields have been discovered there.

It is no accident that the Ayatollah Khomeini never got tired of repeating that sooner or later "the corrupt pro-American regimes would fall." First and foremost, it was said about Bahrain. In 1981, Shiite radicals from the Islamic Front for the Liberation of Bahrain tried to overthrow the king. Their actions were led by Hudzhatul Islam al-Hadi Mudarrisi. He was a man who came from Bahrain, lived in Iran and had authority among Shiites.

Although this attempt was defeated, the Shiites remained a restless element in the kingdom. In 1994, they provoked a wave of unrest, complaining about the fact that in Bahrain women were allowed to participate in sports competitions.

The situation in this country cannot but concern the Americans. Bahrain not only gives the oil to the West, but also provides American military presence. Will the country's ruling dynasty be able to cope with a wave of unrest? The fall of monarchy in Bahrain can trigger "oil revolutions" in all the Gulf monarchies.

Sergey Demidenko with the Institute of Strategic Studies and Analysis shared his thoughts in an interview with Pravda.ru:

"Of course, in recent decades, Shia has been a very restless element. However, we should attribute their riots solely to Iran. Of course, the king of Bahrain is pursuing well-defined goal - to shift the blame. In general, this is a tradition for many of the rulers of Arab countries.

Yet, will it continue indefinitely? While the population of Bahrain has continued to increase significantly (although not as fast as in Egypt), per capita incomes are falling. In particular, due to the depletion of oil fields. Sooner or later, the Bahraini monarchy will have serious problems."

Sergei Balmasov

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in