Iran Attack Poses First Serious Test For Trump
by Rick Ackerman, Rick’s Picks
Why are markets not responding more?
For a rare change, global markets seem genuinely concerned about the news. A drone attack by Iran over the weekend knocked out more than half of Saudi Arabia’s refining capacity, amounting to roughly five percent of global supply. Fox and other news outlets underplayed the story initially, putting it beneath the latest sex charges against Kavanaugh. But the Saudi story shot up to the top of the page when index futures began to trading Sunday evening and oil prices soared $8 to a high of nearly $63 per barrel.
Source: http://econintersect.com/pages/investing/investing.php?post=201909160234
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