Saudi Arabia using the ‘oil weapon option’ could cause prices to soar to $150
|10/16/2018||Posted by BusinessMediaguide.Com under General World News||
- There is increasing evidence Saudi Arabia was behind the disappearance of Jamal Khashoggi, a US resident who has been a critic of the crown prince.
- After the US threatened sanctions against Saudi Arabia, the oil-rich country seemed to hint at its ability to hit back through the energy market.
- Analysts see a 1973-style embargo as unlikely, but warn oil prices could hit triple-digits if tensions escalate.
Saudi Arabia has pushed back against the overwhelming evidence that it was behind the disappearance of the Washington Post journalist Jamal Khashoggi, emphasizing its “vital role in the global economy.”
And while the oil-rich country read more >>>