The disappearance of a prominent Saudi journalist has created major volatility around the oil market. Relations between the House of Saud and some parts of the international community, including the US, have deteriorated rapidly after Jamal Khashoggi, a journalist who resided in the US, disappeared earlier in October after entering the Saudi consulate in Istanbul.

The incident of the journalist’s disappearance and diplomatic escalation opens a new source of risk for oil prices. “We’re going t...


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