[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Shocking Video Shows Ukrainian Refugee Fatally Stabbed On Charlotte Train By Career Criminal Man Identifies as Cat to Cop his video made her stop consuming sugar. Shot And Bothered - Restored Classic Coyote & Road Runner Looney Tunes Cartoon 1966 How to Prove the Holocaust is a Hoax in Under 2 Minutes ..And The Legacy Media Wonders Why Nobody Trusts Them "The Time For Real Change Is Now!" - Conor McGregor Urges Irish To Lobby Councillors For Presidential Bid Daniela Cambone: Danger Not Seen in 40+ Years Tucker Carlson: Whistleblower Exposes the Real Puppet Masters Controlling the State Department Democrat nominee for NJ Governor, says that she will push an LGBTQ agenda in schools and WILL NOT allow parents to opt out. Holy SH*T, America's blood supply is tainted with mRNA Thomas Massie's America First : A Documentary by Tom Woods & Dan Smotz Kenvue Craters On Report RFK Jr To Link Autism To Tylenol Use In Pregnancy All 76 weapons at China 2025 military parade explained. 47 are brand new. Chef: Strategy for Salting Steaks 'Dangerous' Chagas disease confirmed in California, raising concerns for Bay Area MICROPLASTICS ARE LINKED TO HEART DISEASE; HERE'S HOW TO LOWER YOUR RISK This Scholar PREDICTED the COLLAPSE of America 700 years ago I Got ChatGPT To Admit Its Antichrist Purpose "The CIA is inside Venezuela right now" Col Macgregor says regime change is coming Caroline Kennedy’s son, Jack Schlossberg, mulling a run. Florida Surgeon General Nukes ALL School Vaxx Mandates, Likens Them to Slavery Doc on High Protein Diet. Try for more plant based protein. ICE EMPTIES Amazon Warehouse… Prime Orders HALTED as ‘Migrant Workforce’ REMOVED Trump to ask SCOTUS to reverse E. Jean Carroll sex-abuse verdict Wary Of Gasoline Shortage, California Pauses Price-Gouging Penalty On Oil Companies Jewish activist Barbara Lerner Spectre calls for the destruction of European The Democrats Are Literally Making Stuff Up! Turn Dead Dirt Into Living Soil With IMO 4 Michael Knowles: Trump & Israel, Candace Owens, and Why Christianity Is Booming Despite the Attacks

Business/Finance
See other Business/Finance Articles

Title: Iran sanctions: Middle East stock crash wipes £27bn off markets as Tehran enters oil war
Source: [None]
URL Source: http://www.telegraph.co.uk/finance/ ... -as-Tehran-enters-oil-war.html
Published: Jan 17, 2016
Author: John Ficenec
Post Date: 2016-01-17 12:13:17 by Ada
Keywords: None
Views: 224
Comments: 6

Sanctions on Iran and its oil exports can now be lifted

Prospect of the Islamic Republic pumping an additional 500,000 barrels a day sends stock markets in Dubai and Saudi Arabia into tailspin

Stock markets across the Middle East saw more than £27bn wiped off their value as the lifting of economic sanctions against Iran threatened to unleash a fresh wave of oil onto global markets that are already drowning in excess supply.

All seven stock markets in the Gulf states tumbled as panic gripped traders. London shares are now braced for a second wave of crisis to hit when they open on Monday morning after contagion from China sent the FTSE 100 to its worst start in history last week.

Dubai's DFM General Index closed down 4.65pc to 2,684.9, while Saudi Arabia's Tadawul All Share Index, the largest Arab market, collapsed by 7pc intraday, before recovering to end down 5.44pc at 5,520.41, its lowest level in almost five years.

Click for Full Text!

Post Comment   Private Reply   Ignore Thread  

#1. To: Ada (#0)

oil war

I fully expect oil to drop more precipitously in the near future. The U.S. has now ended its export ban and has already sent several ship loads of oil to China. Expect this trend to continue.

Have you heard of the abiotic theory of oil? Oil does not come from dead dinosaurs. It is a natural product of the Earth.

How do I know this? Simple, in Texas and Oklahoma they uncapped some of the old wells and checked them. They found out there was now oil in them when everyone had thought those wells were dry. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2016-01-17   12:19:30 ET  Reply   Trace   Private Reply  

Have you heard of the abiotic theory of oil?

Yes although at these prices doesn't make any sense to explore them. What worried me is that what will raise prices is war.

Ada  posted on  2016-01-17   15:37:32 ET  Reply   Trace   Private Reply  

What worried me is that what will raise prices is war.

There is always another war around the corner. Besides, the U.S. has been waging low grade wars against both Russia and China for quite some time. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2016-01-17   15:40:19 ET  Reply   Trace   Private Reply  

There is always another war around the corner. Besides, the U.S. has been waging low grade wars against both Russia and China for quite some time. ;)

True but I was thinking more of a Saudi/Iran war.

Ada  posted on  2016-01-17   15:44:31 ET  Reply   Trace   Private Reply  

True but I was thinking more of a Saudi/Iran war.

If that happens, it would be Shia vs Sunni again, just as in the Iran-Iraq War.

But think of this. Right now the Iranians are helping the Iraqis to rid the Levant of ISIS, along with the Russians.

You do know that the U.S. has supplied the Saudis with all of their armaments. And lately the Saudis have been attacking Yemen trying to rid them of Houthi rebels. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2016-01-17   16:42:49 ET  Reply   Trace   Private Reply  

The Saudis have the equipment but going against Iran would be a disaster. It would, however, raise the price of oil.

Ada  posted on  2016-01-17   17:11:11 ET  Reply   Trace   Private Reply  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]