Think markets could revolutionize the way we think the world. Will come to. Us all prices hit a 4 month high for. The Worlds Largest crude Processing Plant in saudi arabia over the weekend it was the biggest since the go for in 1901 brant crude initially shot up 19 percent before retreating to around 67 u. S. Dollars a barrel still up 10 percent from last week u. S. Senior official blames iran for the attacks president. U. S. War was locked and loaded for a potential response also approved the real release of us all reserves these are the images that have sparked political and economic turmoil Around The World saudi arabia has Largest Oil Refinery up in flames half of the countrys oil
production slashed at least temporarily in one fell swoop appearing on a t. V. Station sympathetic to their cause who is based in yemen said they carried out the attack there supported by iran an arch rival of the United States the american president posted a belligerent tweet in response there is reason
southwest. earlier i spoke with mick ryan and i asked him whether these recent attack ins russia could be a winning strategy for ukraine. here is what he said. this part of ukraine striking back at russia, there is a political imperative for president zelenskyy to strike back after these terrible russian strikes in odesa in cultural, historical and grain export sites. this sunt a special military operation. this is a war. which you are a part of. so, how do you expect russia will respond to these attacks on its soil? well i think we will see russia respond again with more drone missile attacks. but that is pretty much par for the course for the russians in
from various other. economic analysts they vary if all prices stay up to about $70.00 a barrel the impact very slow for china maybe not so much but for the smaller countries such as korea it can have rough you know point 3 percent impact on g.d.p. but it s not g.d.p. you ve got to look at inflation and the likes of korea could add a half percentage point to annual inflation for that country so you know the major importers are going to be the ones that suffer more disproportionately especially in asia and other reporters who are very briefly if you can study arabia said to become a significant importer of refined products who will benefit yeah and saudi arabia given how large it s all export sites actually relatively weak all the refinery and a lot of it s all goes up to the likes of india south korea and japan so most likely you know those products are refined over there and they ll most likely make their way back to saudi arabia in the form of the form of diesel and petrol learned