Following Saudi Arabia’s execution of the Shiite Cleric, Nimr al-Nimr, observers of the Middle East are pondering a multitude of eventualities, many of which point to a hot conflict between the two regional powers.
The recent Saudi-Iranian clash is unlikely to affect oil markets for now, but the redistribution of political power between Saudi Arabia and Iran, along with the US disengagement from the Middle East might have long-term consequences for the region’s stability and global oil supply trends.
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