Saudi’s Intervention in Yemen
Iranian Supreme Leader Ayatollah Ali Khamenei claims Saudi’s action and airstrikes as a “genocide” in Yemen. At least 540 people have been killed, 331 of them being civilians, 74 of which are children, and over 100,000 people have been displaced. Iran’s supreme leader has warned Saudi Arabia that these airstrikes and military interventions in Yemen will end in military defeat for Saudi Arabia.
http://www.smh.com.au/world/saudi-arabia-jets-are-committing-genocide-in-yemen-irans-ayatollah-ali-khamenei-20150410-1mhxls.html
What exactly does this mean for the oil, oil prices, and stocks in Saudi? We’ll as mentioned previously in this blog, a large part of pricing in any market is speculation by investors, and more importantly, consumers. Once again, history and economics have proven to be correct. Due to the speculation of these military actions by both countries, Saudi Arabia’s Brent Oil stock plunged about 4 percent on Thursday as a reaction to the great ordeal. The main Saudi stock index fell .9 percent.
http://news.yahoo.com/mideast-stocks-saudi-arabia-falls-oil-price-worries-085958305–sector.html
I find it interesting how Yemen believes that they will defeat Saudi Arabia. Saudi Arabia is, I believe, bigger and more powerful than Yemen and they may have more allies than Yemen. Either way I liked your summary and the picture to go along with it.