Iran Has More Oil Than the UAE. So Why Is It 10x Poorer?

Iran has almost twice the oil of the UAE and eight times the people. Yet the average Emirati is about ten times richer, and a big part of Dubai was built by merchants from Iran. It started in 1902 with a tax on boxes in the Iranian port of Lingeh. For 120 years after that, Iran's traders kept crossing the water to Dubai. #iran #dubai #uae #hormuz #economy