OIL PRICE CRISIS: Iran terror attack could send oil prices SKY-ROCKETING

Oil-prices-1022151.jpgAn attack on a military parade in the city of Ahvaz last weekend killed 25, sending tensions in the region soaring. A commodity expert has warned the deadly attack could also lead to an increase in oil prices, with relations soaring between rival states in the region. Helima Croft of RBC Capital Markets said the attack could “exacerbate” the situation in the Middle East, CNBC reported. She said: “We believe that Saturday’s terrorist attack in Iran could prove to be the weekend’s more consequential event as it will likely exacerbate the already dangerous Middle East antagonisms.”……Read More

Categories: Global Economy - Markets - Finance, News

Tags: , , , , ,