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. Is this but US vs Iran
. Turkey & Syria as proxies.
. Where will this lead ?
. To soften the impact of a hard recession landing or to avoid one
. Oil price is earmark to come down.
. Suadi was the only OPEC country that increases production at the previous OPEC
Meeting.
. Iran refuses to cooperate.
. By implication Iran is in the way of US economic recovery or prevent the already fragile
economic thin ice from giving way.
. Countries like Turkey & India, neighbouring countries to Iran, Syria are bearing the brunt of the
escalating friction between US & Iran.
. Suadi Prince Alaweed had echoed and hinted that Oil should be around $70-$80
. Whereas Middle Eastern countries are saying for their budget to balance Oil should be
around $120.
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