On Sunday, Saudi officials announced that the Kingdom will sever all diplomatic ties with Iran, and told all Iranian diplomats to leave within 48 hours.

The decision came after Iranian protesters attacked the Saudi embassy in Tehran, ransacking and setting fire to the building in retaliation for Saudi Arabia’s execution of a prominent Shiite cleric and 46 others the day before.

But this fiery start to the year could be just the beginning.

“2016 could prove to be the year of living dangerously for Saudi Arabia with the Kingdom facing substantial economic and security headwinds,” argues RBC Capital Markets’ global head of read more >>>

Source : BusinessInsider.Com