Saudi Arabia, Russia, Iran Sanctions And Oil Prices – A Geo-Economics Case Study
A CNBC headline proclaims that the “oil market is ignoring the big Iran story.” Is there something that one analyst CNBC interviewed understands that the oil market does not? To the contrary, the market has correctly figured out what Saudi Arabia’s current interests are, and what Russia’s interests are, and as they go, so will go oil prices for now. Fears of a “nasty” Iranian response to U.S. sanctions, voiced by one analyst, are not relevant to the current oil price trend. Learn more about your ad choices. Visit megaphone.fm/adchoices