BVTV: Middle Eastern tensions and rising oil
Saudi Arabia, Yemen, Lebanon. The political risk spotlight has swung largely away from North Korea in recent days – despite President Trump’s visit to the region – and towards the Middle East. Fears of a wider regional confrontation have grown after an anti-corruption drive by Saudi Arabia’s young heir apparent, the firing of a missile from Yemen at Riyadh that the Saudis have blamed on Iran and the resignation of Lebanon’s prime minister, saying he was in fear of his life.
Meanwhile, the price of oil is nudging upwards, while bond and CDS markets have been pricing in additional risk quite aggressively. How does this combination of events impact the outlook for the emerging markets and what should investors be looking out for? Watch this week’s edition, where I share our thinking!
The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.