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Oil Price move on Saudi USA relations

Oil prices could surge to all-time highs if the U.S. imposes economic sanctions against Saudi Arabia, according to Saudi Arabia-based Al Arabiya television.

The warning from Al Arabiya's Turki Aldakhil comes amid heightened tensions between Saudi Arabia and America. Now the Turkish authorities claim Khashoggi was murdered and his body was removed. Saudi Arabia has publicly and fiercely denied that allegation.

Many are asking why the Saudis have acted in such a manner but their recent history is not good. In recent years there have been the following events with the Saudis

  • Qatar Blockade
  • Kidnap Lebanese PM
  • War in Yemen
  • A stupid argument with Canada
  • The Royal shakedown at The Ritz Carlton

If U.S. sanctions are imposed on Saudi Arabia, we will be facing an economic disaster that would rock the entire world, similar to the crash in 2008.

Meanwhile, the U.S. is hoping on Saudi Arabia to curtail soaring energy prices and help offset lost Iranian oil supply.

It would lead to Saudi failure to commit to producing 7.2 million barrels. If the price of oil reaching $80 a barrel which angered the current President Donald Trump.

The price per barrel is expected to soar and reach highs of 150-200 a barrel.

www.ecocropsinternational.com

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