Will The Saudi-Iranian Diplomatic Deal Bring Oil Prices Down? ...Middle East

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Will The Saudi-Iranian Diplomatic Deal Bring Oil Prices Down?
source : OILPRICE ( Middle East ) () 46
    The energy markets have kicked off the new week on a sour note, with oil prices recording significant declines in early trading on Monday just days after Saudi and Iran agreed to restore diplomatic ties in a deal brokered by China, ending a seven-year rift.  While oil prices plunged early on Monday, this latest selloff is more about the fear of contagion over a dramatic Silicon Valley bank failure that snowballed over the weekend, than it is about Iran and Saudi Arabia restoring diplomatic ties.   Nonetheless, analysts…

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