Iran and Iraq last week agreed to create a series of executive committees aimed at increasing cooperation in all areas of the energy sector and beyond. Given that the U.S. is now the world’s leading producer of crude oil, natural gas, and liquefied natural gas, many Americans may wonder why this matters. The answer is that the world runs on energy, most of the world’s energy resources are still in the Middle East, and the ongoing struggle to control them is a key determinant in how the world functions politically, including the U.S. Out of all the Middle East’s big oil and gas powers, Iran and Iraq are the most important, and…
