Daniel Markind, Esq.
You may have noticed a flare-up of tensions in the Middle East between Saudi Arabia and Iran. The "crisis" as it's being called by news organizations like CNN has quickly escalated with other Arab countries taking sides--most of them siding with Saudi Arabia. The flare-up initially caused an uptick in the price of oil based on fears there may be oil disruptions in the region--but those fears quickly died down and along with it, the price died down too. What is this conflict all about? And how might it affect the price of oil (and gas) in 2016? MDN reader Daniel Markind, an attorney and partner in the Philadelphia law firm Weir and Partners, provides us with an excellent summary/overview of what this conflict is about...
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