Why is the middle east imprtant to the worlds economy

Since the 1930s the Middle East has emerged as the world's most important source of energy and the key to the stability of the global economy. This tumultuous region produces today 37% of the world's oil and 18% of its gas. ... It is home to 65% of proven global oil reserves and 45% of natural gas reserves.

The U.S. also has a long-term interest in the Middle East that derives from the region's economic importance as the world's primary source of oil and gas. The region is home to a wide array of cultures, religions, and ethnic groups, including Arabs, Jews, Kurds, Persians, and Turks, among others

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