Saudi Arabia and Iran: tensions high, oil prices low.
Share Now on:
You remember we started with capitalism and the vagaries thereof, China and global contagion and all that?
Here’s the counter-example that proves the rule about the vagaries of capitalism, that is.
You’ve got two of the world’s top ten oil producers Saudi Arabia and Iran at each other’s throats, diplomatically speaking.
Both major benchmarks, West Texas Intermediate and Brent North Sea Crude, off at the close.
That’d be the law of supply and demand right there.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.