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Saudi Purge ‘Paves Way for Aggressive Policy Towards Iran’

Sputnik – November 7, 2107

The purge of former Saudi intelligence chiefs and government ministers boosts the danger of war with Iran and permanently higher oil prices, former US Army officer Todd Pierce told Sputnik.

The political purge would give Crown Prince Mohammed far more power to act in a reckless manner and plunge the country into a war with Iran without the traditional checks and balances of the Saudi political system to constrain him, Pierce explained.

“Anyone who pays attention can see that the new coalition of the US, Israel, Saudi Arabia, along with their lesser GCC [Gulf Cooperation Council] allies, minus Qatar, are vigorously promoting and trying to incite a war with Iran,” Pierce said on Monday. “The purge is part of that, and the combination of heightened war risk can’t help but create conditions where oil prices will rise.”

Pierce said the US policy under both Trump and his predecessor Barack Obama had been to support Saudi Arabia against Iran.

“This US-led aggressiveness is the cause of the higher prices and the expected outcome of this is war with Iran, something that will also boost prices,” Pierce said.

Uncertainty over the political future of Saudi Arabia coupled with well-founded fears about a looming Saudi-Iran war would both drive global oil prices far higher and keep them there, Pierce predicted.

On Saturday, Saudi King Salman bin Abdulaziz Al Saud issued a decree establishing a new anti-corruption committee in the country chaired by the Crown Prince Mohammed bin Salman. The committee will investigate corruption cases and is empowered to arrest suspects as well as restrict their movements and freeze their accounts.

Over the weekend, a number of former and incumbent Saudi officials were detained by authorities as part of an anti-corruption purge launched by Riyadh, including 11 princes, four incumbent ministers, and dozens of former senior level officials, local media reported.

Oil prices soared to their highest levels in more than two years after news of the Saudi purge.

November 6, 2017 - Posted by | Economics, Wars for Israel | , , , ,

1 Comment »

  1. Far be it for me to suggest that there is a rising opportunity for an increase in the price of oil over the next 12/24 months, particularly if Saudi Arabia and Iran become embroiled in another senseless Middle Eastern war(spurred on by Israel and it’s attack dog the USA)
    But, if these people do go to war, one would be silly not to “take a position” in OIL.

    “Nothing warms the cockles of a Capitalists heart more than seeing two Major Oil producers firing rockets at one another’s oil fields, and military, against a background of rising oil prices”

    Like

    Comment by Brian Harry, Australia | November 6, 2017 | Reply


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