Oil Markets Blow Yemen Crisis Out of Proportion

March 26, 2015 6:40 PM

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Oil Markets Blow Yemen Crisis Out of Proportion

Saudi Arabia launched airstrikes in Yemen, causing oil prices to jump on fears over Middle East instability.

The markets clearly reacted with concern over the rising violence in the Arabian Peninsula, which pits Saudi Arabia against Iran in a proxy war. Saudi Arabia is targeting Shia rebels seeking to topple the Saudi-backed Yemeni government. Reuters reports that Saudi bombs targeted an airport and airbas...

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