‘Very serious’: Bank of England governor warns of Middle East oil shock risk
‘Very serious’: Bank of England governor warns of Middle East oil shock risk
Exclusive: Andrew Bailey also hints at ‘more aggressive’ path for cutting interest rates if inflation news stays positive
I have doubts. Saudi and oil producing gulf states are much more friendly with Israel now.
Still, if it happens will we have neoliberalism 2.0?
Anything could change. Any given state is not just its leaders.
For example, I imagine many of the Saudi elites have sympathy for Palestine or may even feel a religious conviction to stick up for them. After all Umma is one of the key principles of Islam. So while MBS has stated indifference now, he may change his mind if he doesn't feel he has the support of enough of the rest of the Saudi aristocracy.
That's just a hypothetical though.
I imagine many of the Saudi elites have sympathy for Palestine or may even feel a religious conviction to stick up for them.
I don't imagine that at all. The Saudi relationship with the Palestinians is a bit like the US attitude towards Puerto Rico.
After all Umma is one of the key principles of Islam.
Saudi Royalty's relationship with orthodox Islam is fraught on a good day. Saying they've got an obligation... Idk, man. What obligation does Prince Andrew or Prince Harry have to Anglicanism?
The Iranians give about Lebanon shit, because they see Hezbollah as a valued ally in the region. The Egyptians and Turks and Syrians give a shit because they're constantly in a tug of war with Israel over access to the Suez Canal. But the Saudis would be just as happy as any Zionist for Palestine to just vanish off the face of the Earth and call it a day.