A day after US Defence Secretary Leon Panetta said the "military option' against Iran is on the table, Obama administration has put in place more sanctions against Iranian Oil Companies. The new sanction regime forces many countries to cut the import of Iranian Oil. Iran is the last standing post in the Persian Gulf. With Syria in turmoil and US assuming that Syrian regime will soon bow down. The Syria and Iran which form part of the US code name 'axis of evil'.
With major Oil reserves around the world estimated to last only until mid of this century or even before, Oil is a strategic resource. The concept of Peak Oil which may be far away but not can't be ignored is what pushing United States to control the Oil production and transportation. In this 21st century the country who have the control over production and transportation of the 'Black Gold', is one which rules the world economic and thus the maintains the hegemony.
This is the whole issue which guides US and its Corporate entities to ensure that no country try to nationalize the oil production especially countries who oppose US imperialism in the Middle east. Iraq, Libya, Syria and Iran are the victims of this US Policy.
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