Saudi Arabia Oil

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Fuel To The Fire: The Saudi-Iran Flare-Up And The Politics Of Oil

Many fear that the tensions between Iran and Saudi could erupt in a full-blown military conflict. However, this is a highly unlikely eventuality. The Iranian President has condemned the embassy attack, and Saudi has hinted at renewing diplomatic ties under terms and conditions. In fact, much of the indirect Saudi-Iran war had been already being fought for months hundreds of miles away in Vienna, Austria, behind the closed doors of the cartel-like Organization of Petroleum Exporting Countries (OPEC) headquarters.