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How Will the Syria Conflict Affect the Markets? Without a doubt, the situation in Syria is having an effect on the markets. Specifically, the threat of a US military intervention is affecting the price of oil in particular. For example, oil prices have slowly increased in price since the US government made it known that a military strike on Syria is likely to occur. Syria’s Effect on the Price of Oil While Syria produces a modest amount of oil at approximately 180,000 barrels per day, the count…
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Syria continues to dominate. Where do we stand now?
United Nations: The inspection team has now arrived on site in Syria after 2 days of delays. Bank Ki-Moon says inspection team “needs time to do its job” in Syria. Whether the US, UK and France will wait for their findings remains to be seen. UN envoy Brahimi says international law is clear that UN Security Council resolution is needed for military action. That hasn’t exactly stopped it previously has it? Also, a UN nuclear watchdog report says Iran has expanded its uranium enrichment program a…
What is Next for Syria?
I don’t want to be too negative, but the escalation of violence in Syria is one of the scariest things I have come across since the Bay of Pigs Invasion! If the Assad regime is confirmed as using chemical weapons in an attack on the population - which allegedly has killed around 1000 people – the political ramifications could be huge. President Obama has already said that such an attack would signify a crossing of `the red line` and this morning, France has insinuated that force may well be nee…