Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.
Already have an account? log in
Saudi Arabia Downgraded By Fitch, As Crown Prince Warns Of Global ‘Economic Collapse’
Fitch downgraded Saudi Arabia on Monday, citing the attacks on the country's oil infrastructure, which knocked out 50% of the kingdom's production capacity, underscoring the inherent precarity of Aramco's infrastructure given its proximity to conflict.
"The downgrade reflects rising geopolitical and military tensions in the Gulf region, Fitch's revised assessment of the vulnerability of Saudi Arabia's economic infrastructure and continued deterioration in Saudi Arabia's fiscal and external bala
Considering the steps already taken to strangle and collapse Iran’s economy, why would Iran’s leaders be concerned about “global economic collapse”?
And how “stupid” was Iran for a strike that exposed Saudi and US vulnerability, that both Saudi and US were unwilling to retaliate for, that delayed Aramco’s IPO, and that forced Saudi to join in a partial ceasefire in Yemen?