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Russia: Saudi Ground Troops In Syria Could "Immediately" Destabilize Oil Market by Saladin25(m): 5:39pm On Feb 13, 2016 |
As part of Saudi Arabia's efforts to strengthen ties with the US following the latter's deal with Iran, the Saudi Defense Ministry has proposed deploying ground troops to assist in the fight against ISIS in Syria. A senior Russian lawmaker said Monday that doing so could lead to the destabilization the global oil market. Vladimir Dzhabarov, the first deputy chairman of the Russian Federation Council's International Affairs Committee, was quoted by Sputniknews as saying, "Should Saudi Arabia come into a direct confrontation with the Syrian army, the oil market will immediately undergo a destabilization." It bears mentioning that Russia has been particularly verbose in recent weeks with regard to the oil market. Late last month, Russia put out feelers likely with the intention of weighing OPEC's response to indications that a possible meeting in the next couple of month's could yield an agreement on cutting output. Oil prices responded accordingly- namely, with volatility. And, predictably, hopes for such a meeting quickly fizzled. Add to this the very significant fact that turmoil in the Middle East has yielded an atypical fear of a "supply eruption" rather than a "supply disruption." This is because the main antagonists in the region are Saudi and Iran, both of whom are deploying boosted oil production as the new phase of the proxy war between them. This began in earnest with Saudi's severing diplomatic ties with Iran in early January. It continues, as Iran returns to the oil market and as Saudi-led OPEC continues to produce quota-free. So given these realities, it is important to consider Dzhabarov's in light of the bigger picture: Russia and Iran are allies in Syria. The US is fighting ISIS in Syria. Saudi feels increasingly isolated in the region because of this alliance and the P5+1 and Iran accord. It is for this reason that Saudi is trying to strengthen ties with the US at the present moment. Saudi Foreign Minister Adel al-Jubeir was quoted by the Associated Press as saying Monday after meeting with US Secretary of State John Kerry, "The coalition will operate the way it has operated in the past, as an international coalition, even when there is a ground-force contingent in Syria." "The U.S. is leading the international coalition against ISIS in Syria," he said. "There would be no international coalition against ISIS in Syria if the U.S. did not lead this effort," he continued. Al-Jubeir did not offer any details on the "how," "when," or "how many troops." As noted above, Saudi is attempting to reclaim the geopolitical clout which it considers weakened as a result of the strengthened US-Iran relationship, as well as Russia and Iran's cooperation in Syria. However, in addition to asserting its leadership in the region, Saudi is also attempting to demonstrate that it is willing to address US concerns about the ISIS threat to regional stability. http://oilpro.com/post/22166/russia-saudi-ground-troops-syria-could-immediately-destabilize-oi |
Re: Russia: Saudi Ground Troops In Syria Could "Immediately" Destabilize Oil Market by Saladin25(m): 5:43pm On Feb 13, 2016 |
The Naira will fall if Saudi and Turkey should bring in their ground forces since the Saudi/Turkey backed Syrian rebels are losing the war. President Buhari and his cabinet with governors should find a way out. |
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