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Why oil prices will rise despite Iran deal — Saudi Arabia

Posted on 28 November 2013

Why is Brent crude rallying in the face of a new Iran nuclear deal? Two words might explain it: Saudi Arabia. No one was more upset, save for the Israelis, by the recent agreement between the Iranians and the U.S. than Saudi Arabia, the Iranians natural enemy in the Middle East.
By the number of visits that Secretary of State John Kerry made to the Kingdom and the appearance of Saudi sovereign investor Prince AlWaleed here in the U.S., it was clear that the message that the Saudis were sending to the U.S. government went unheeded: the U.S. inked a 6-month agreement relieving much of the financial pressures built up by sanctions over the last 3 years………………………………………..Full Article: Source


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VRS - who has written 39872 posts on Opalesque Commodities Briefing.


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