Wellness

War between Iran and Saudi Arabia could radically transform the world's oil markets

8 monthes ago   |   By

Nabil al-Jurani/AP
Tensions between rivals Saudi Arabia and Iran are at all-time highs.
War between the two OPEC nations could push oil prices well past the already unsustainable $60.
A fire erupted at an oil pipeline connecting Bahrain and Saudi Arabia, and the two Arab allies are pointing the finger at Tehran. Iranian officials denied any involvement, but the incident is the latest in a series of events that are intensifying conflict between the Middle Eastern rivals.
The oil pipeline resumed operations in a matter of hours, but the war of words is heating up. Bahrain's Foreign Minister...
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