Water Is the Next Oil, Or Is It?

Although water ownership has become one of the most critical problems in the world, especially in the Middle East, policy and decision makers in Iran are still preoccupied with raising crude oil output and prices, and they seem to be oblivious of the fact that the ownership of water supplies will bring neighboring countries into conflict sooner or later, the director of Iran Water Industry Federation said.
"As renewable energies are expanding their footprint at a faster than expected pace in the world, oil and its derivatives will lose their importance in a foreseeable future and water, not petroleum, is expected to emerge as the world's most vital product," Alireza Shariat was also quoted as saying by ILNA.
As water becomes increasingly precious worldwide, it is projected that more conflicts will arise as several nations compete for limited water resources. Indeed, water-related tensions have mounted among Iran, Turkey, Iraq and Afghanistan, which share borders.