God Help Oil Prices If Iran Riots Spill Over Emboldening People in Other Nations in the Region
The Iranian unrest is going to affect world oil barrel prices due to the strikes of workers in that sector over the recent "questionable elections" there, and the aftermath of government crack downs and violence against the protesters. How much could this effect oil prices; well it will not be totally devastating to us in the US, but it could be significant if commodity traders find momentum in this crisis, as they love to create opportunity for themselves out of the chaos of the world media. Imagine however the effect on the oil markets if in Saudi Arabia, all the people decided to riot and rebel, and overthrow their government? Wow, now that could be rather significant, and depending on the civil unrest and conflict, if it got out of hand oil infrastructure could be damaged, and many of the more hostile groups would launch terrorist like attacks. Even if the threat was there, that would be significant enough to cause huge oil-price-spikes. Now imagine, the Pakistani People ...