Saudi showdown with Iran nears danger point for world’s oil markets – Andrew Evans-Pritchard The Telegraph January 4 2016 By alibali on January 10, 2016 in Dog Bone Blog Saudi Arabia’s drastic decision to behead the Shia cleric Nimr al-Nimr marks a point of no return in the bitter Sunni-Shia conflict engulfing the region. It is a dangerous escalation in the Kingdom’s struggle with Iran for regional hegemony. Saudi oil runs through pipelines in the Shia heartland, now seething with fury, Evans-Pritchard writes. A disruption of more than a few days could cause oil prices to spike.
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