Simon Thompson 

Profit from the surging oil price

Simon Thompson

Simon Thompson

Oil watchers will be keeping a close eye on events in the Middle East following last Friday’s US killing of Iran's top military leader, Qasem Soleimani, in Baghdad, Iraq. It seems inevitable that Iran will launch some form of retaliation against key installations in the UAE and Saudi Arabia, the US’s strongest allies in the region, given that the US is outside Iran’s missile range and any attack on US military bases in the region would undoubtedly result in President Trump sanctioning a retaliatory, not to mention catastrophic, military onslaught. Last autumn’s attacks on Saudi Arabia’s Khurai’s oil field and the country’s largest refinery at Abqaiq highlights how Iran aims to inflict maximum economic damage on pro-US allies.

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