‘It is about controlling the huge amount of oil money detained by the Gulf states (their sovereign wealth funds own over $3 trillion in assets, close to 40 percent of the world’s total held in such funds) and benefiting from their considerable purchasing power, especially in funding the US military-industrial complex. It is also about controlling other states’ access to Gulf hydrocarbons. As David Harvey aptly put it once, “whoever controls the Middle East controls the global oil spigot and whoever controls the global oil spigot can control the global economy, at least for the near future.” #EcocideWars

https://jacobin.com/2026/03/us-imperialism-mena-war-oil-economy