Post
Topic
Board Economics
Re: Oil price War will Bring real War soon in Middle east
by
Wayan_Pedjeng
on 29/03/2020, 16:13:02 UTC
IMO, if the oil prices plunge then the chances of war should decrease. The Saudis are able to make their multi-billion USD defense purchases, only when the oil prices are high. If the brent crude plunges below $20 per barrel and stays there for a few months, then these people would be forced to cut back on their foreign interventions (especially the invasion of neighboring Yemen).