Most of the geopolitics of the region revolves around oil, that much is certainly true.
A lot of the rest of it flows downstream from that; oil pipelines and supply from various places and through the red sea, the relative military strength of adversaries in the region (derived from the wealth of their oil supplies), ect. Most of the modern geopolitical relations in the area can be tied to the struggle over oil in some way.
Most of the geopolitics of the region revolves around oil, that much is certainly true.
A lot of the rest of it flows downstream from that; oil pipelines and supply from various places and through the red sea, the relative military strength of adversaries in the region (derived from the wealth of their oil supplies), ect. Most of the modern geopolitical relations in the area can be tied to the struggle over oil in some way.