Persians like fine poetry and fine wine
I doubt they are working the battle plans related to the KSA invasion as we speak.
Anyways,
Key point is the outcome of the coming Iranian barrels to the market
No doubt it will be extra revenues for Tehran at whatever price. Since we are looking at the marginal increase over whatever they have now. Whereas for KSA the coming Iranian barrels means lower price for longer. So more borrowing from financial markets and drawing out from foreign reserve to plug the budget deficit. This is compounded by the fact that KSA is highly related to O&G whereas Iran' is not.
Tie in the above with Saudi' recent agitation and it all make sense.
Edit: nothing to do with messianic overdue clash of Shia vs Sunni
Just economics ... like most other things
I doubt they are working the battle plans related to the KSA invasion as we speak.
Anyways,
Key point is the outcome of the coming Iranian barrels to the market
No doubt it will be extra revenues for Tehran at whatever price. Since we are looking at the marginal increase over whatever they have now. Whereas for KSA the coming Iranian barrels means lower price for longer. So more borrowing from financial markets and drawing out from foreign reserve to plug the budget deficit. This is compounded by the fact that KSA is highly related to O&G whereas Iran' is not.
Tie in the above with Saudi' recent agitation and it all make sense.
Edit: nothing to do with messianic overdue clash of Shia vs Sunni
Just economics ... like most other things
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