Quote:
Originally Posted by FlameOn
Oil markets crash across the Middle East as Iran follows through with their obligations and sanctions on them are lifted. Qatari and Saudi stock markets have dropped 42% and 38% respectively since the Saudi initiated price war back in November 2014.
https://uk.finance.yahoo.com/news/ir...102835505.html
I really wonder how much of the successful conclusion of the Nuclear deal with Iran was motivated to punish the Saudis for their increased production. |
A CBC article on the same thing - Iran now online at an additional 500k barrels / day:
http://www.cbc.ca/news/business/oil-...iran-1.3408580