What Saudi-Iranian Tensions Mean For Oil Prices In 2016 by Russ Koesterich, CFA, BlackRock A prisoner’s dilemma game of sorts between Saudi Arabia and Iran has big implications for oil prices in 2016. Russ and an investment strategist on his team, Terry Simpson, explain. The recent break in diplomatic relations between Saudi Arabia and Iran adds another complication to the already chaotic environment of Middle East geopolitics. While the sectarian differences between the two nations are capturing the public’s attention, there’s an equally important economic struggle taking place: a prisoner’s dilemma game of sorts that has big implications for oil prices in 2016. A Story…
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