Why Iran-Saudi Tensions Aren't Affecting Oil Prices
Oil prices rose briefly yesterday after Saudi Arabia, which is Sunni, executed a prominent Shiite cleric over the weekend, setting off a diplomatic row with Shiite Iran. But then oil prices fell, with brent crude finishing down by a little under a quarter of a percentage point Monday.
This kind of tension has pushed up oil prices in the past. Why isn’t that happening now? Here & Now’s Robin Young asks Ali Velshi, host of “Real Money with Ali Velshi” on Al Jazeera America.
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