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The Next Mideast Crisis

Last week’s arrests of senior princes and businessmen in Saudi Arabia stunned the world, but the real risk is the escalation in tensions between the kingdom and Iran. Oil markets have to date mostly shrugged off proxy battles between the regional rivals in Syria and Yemen, but a new indirect or direct clash between two of the world’s largest oil exporters would ratchet up the remerging political risk premium in oil prices.

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#MiddleEast #Crisis #SaudiArabia #Iran

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