{"id":83224,"date":"2016-01-04T06:03:20","date_gmt":"2016-01-04T11:03:20","guid":{"rendered":"http:\/\/countingpips.com\/?p=83224"},"modified":"2016-01-04T06:03:20","modified_gmt":"2016-01-04T11:03:20","slug":"oil-prices-jump-on-rift-between-saudi-arabia-and-iran","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/01\/oil-prices-jump-on-rift-between-saudi-arabia-and-iran\/","title":{"rendered":"Oil prices jump on rift between Saudi Arabia and Iran"},"content":{"rendered":"<div id=\"inves-2026170261\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 4, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Oil prices jumped as tensions across the Middle East have ratcheted up after Saudi Arabia severed ties with Iran on Sunday, following the execution of a Shia cleric by Riyadh and the consequent storming of the Saudi embassy in Tehran.<\/p>\n<p>Saudi Arabia executed 47 people on Saturday, including Sheikh Nimr al-Nimr for planning and carrying out terrorist attacks.<br \/>\nThe riots at Riyadh\u2019s embassy in Tehran and consequent diplomatic spat have exacerbated already-poor relations, with each country already accusing each other of fanning sectarian wars between Muslims in Iraq and Syria.<\/p>\n<p>The news sent oil prices sharply higher in the first trading day of 2016 on to the prospect of supply disruption.<\/p>\n<p>The benchmark U.S. light sweet crude (WTI) was up 1.7 percent at $37.69 a barrel mid-morning in Asia, after jumping as much as 3.4 percent.<\/p>\n<p>Meanwhile Brent crude was up 1.9 percent at $37.99 a barrel after spiking 2.3 percent in the last session.<\/p><div id=\"inves-652446068\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Oil prices jumped as tensions across the Middle East have ratcheted up after Saudi Arabia severed ties with Iran on Sunday, following the execution of a Shia cleric by Riyadh and the consequent storming of the Saudi embassy in Tehran. Saudi Arabia executed 47 people on Saturday, including Sheikh Nimr al-Nimr for [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-83224","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=83224"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83224\/revisions"}],"predecessor-version":[{"id":83239,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83224\/revisions\/83239"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=83224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=83224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=83224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}