The Impact of Iran-Saudi tensions on global oil prices

The recent executions in Saudi Arabia has sparked strong reactions in Iran and has the region in turmoil. Here are my thoughts regarding the impact of the Iran – Saudi Arabia tensions on global oil prices in an interview by CCTV America.

Watch the video here:

 

 

 

Saudi-US Ties Reflect Vibrancy of Commerce

by GHAZANFAR ALI KHAN & SHARIF M. TAHA  for arabnews.com

Saudi Arabia plays an important role in the economy of the United States, largely because of its position as one of the most influential members of the Organization of the Petroleum Exporting Countries (OPEC), and because of its progressively growing trade and investment relations.

The delegation led by US Commerce Secretary Penny Pritzker underscored the close commercial and economic relationship between the United States and Saudi Arabia. Pritzker spoke at a luncheon hosted by the US-Saudi Arabian Business Council in Riyadh, where the guests included Prince Abdulaziz bin Salman, Prince Abdulaziz bin Ahmed and more than 300 businesspeople from the United States and the Gulf.
“Perhaps the most exciting aspect of the US-Saudi relationship is the vibrancy of our commerce,” Pritzker said, noting that Saudi Arabia is America’s 10th-largest trading partner.

Culture Clue #1

Choose gifts with care.  While liquor makes a suitable gift in Japan, it is banned in Saudi Arabia.  Fine compasses – the direction for prayer – are welcome.  Avoid leather objects or snake images in India, and gifts that come in sets of four or nine in Japan.  The mainland Chinese don’t like to receive anything that comes from Taiwan.