US killing of Iranian general could re-escalate Gulf tensions

GULF COUNTRIES - Report 03 Jan 2020 by Rory Fyfe and Justin Alexander

Oil prices spiked by $2 after a US drone strike in Iraq assassinated one of Iran’s most powerful generals. The situation is evolving rapidly and puts at risk the Saudi-driven cycle of de-escalation that has seen an apparent pause in attacks on oil interests in the Gulf since September. There may be a renewed round of incidents, although these would more likely target US assets and citizens, rather than Gulf oil infrastructure. However, we are dubious that either Iran or the US really wants to see a direct conflict which, if it were to happen, would have serious spillover implications for Gulf states and the wider region. The most immediate material impact may be on Lebanon, which condemned the attack and will find it even harder to secure Gulf and Western financial support.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.