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Says oil prices could spike to unimaginably high levels if the world doesnt come together to deter iran theyve been attacks on the saudi oil sector the Worlds Largest crude exporter sharply reducing production still havent been so and says he prefers a political solution to a military one thats helping ease Oil Prices Today but not the saudis worries fitch has downgraded their Credit Rating citing the rising tensions. Saudi arabias message is clear an Armed Conflict with iran would have catastrophic implications for the Global Economy and send markets reeling its a stark warning and one riyadh...

Now this is all top of the fact that china's economy is still looking very weak even though it was a relatively positive factory activity numbers today now with all this instability is sending a lot of ripples across asia and asia is very dependent on saudi oil some 70 percent of all more of its oil supply comes from the kingdom and any disruption to supply or even the threat to global prices is going to lead asia on shaky ground in fact it already is now weathering any kind of disruption is going to be short lived as well especially if prince mohamed riyadh wanting becomes a reality and just ...