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DW Business September 30, 2019 14:45:00

Says oil prices could spike to unimaginably high levels if the world doesnt come together to deter iran theyve been attacks on the saudi oil sector the Worlds Largest crude exporter sharply reducing production still havent been so and says he prefers a political solution to a military one thats helping ease Oil Prices Today but not the saudis worries fitch has downgraded their Credit Rating citing the rising tensions. Saudi arabias message is clear an Armed Conflict with iran would have catastrophic implications for the Global Economy and send markets reeling its a stark warning and one riyadh hopes will prevent Military Action by its long time rival a s ....

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DW Business September 30, 2019 14:46:00

Threaten world interests oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven t seen in our lifetimes. saudi arabia is urging the u.s. to continue talks with the wrong with the hopes of reducing some of the political strain on the strait of hormuz the world s most vital shipping route for oil almost a 5th of the planet s crude passes through it making riyadh s warning all the more urgent. singapore is asia s undisputed oil hub let s go over to our correspondent there andrea hank and just how high are other political risks considering that the oil prices going down today. when fest is. about what s going on in the world today particularly with the u.s. china trade tensions ahead of the washington talks that we re going to be seeing in the next couple of weeks or so and that oil prices to drop some one percent today ....

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