Overnight, Houthi-launched ballistic missiles were shot down over Abu Dhabi, Iran said they will not release prisoners as part of a nuclear deal, and White House weighed deploying troops to Eastern Europe.
Houthi rebels in Yemen launched ballistic missiles at targets in Abu Dhabi overnight; according to Emiratis state media, the missiles were intercepted and destroyed by defense forces; the attack followed attacks launched a week prior, which targeted transport and oil infrastructure.
Over the weekend, the US folded a new item into ongoing Iranian negotiations, indicating that "it is very hard for us to imagine getting back into the nuclear deal while four innocent Americans are being held hostage"; Iran immediately rejected prisoner release as a pre-condition of the nuclear deal.
Also over the weekend, the US State Department instructed US diplomats to leave Ukraine, as the President reportedly considers deploying US soldiers to the region, ahead of a potential conflict involving Russia.
With analysts from Goldman, to Morgan Stanley and Bank of America calling for $100+ oil (NYSEARCA:USO)(NYSE:XOM)(NYSE:RDS.A) based on underlying supply & demand fundamentals, it's unclear if the oil market is positioned for escalating geopolitical risks.
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