Wednesday, August 15, 2012

Crude Oil Spikes on News That Saudi Arabia Tells Citizens to Leave Lebannon Immediately

Here's the intraday chart of crude oil (Yahoo Finance):

Here's the short snippet from Reuters (8/15/2012):

Saudi Arabia tells citizens to leave Lebanon immediately - SPA

(Reuters) - Saudi Arabia has ordered its citizens to leave Lebanon "immediately", the state news agency reported in an SMS alert on Wednesday.

"The Saudi Arabian embassy in Lebanon calls all Saudi citizens to leave Lebanon immediately," the alert said, without elaborating.

(Reporting by Asma Alsharif; Writing by Raissa Kasolowsky)


Maju said...

Looks bad. But what exactly? Israeli surprise attack? US-NATO unilateral intervention in Syria (with unavoidable repercussions in Lebanon)? Or what?


Maju said...

Maybe this:

Kidnapping exchanges between Shia Lebanese clans (akin to or members of Hizbullah) and Syrian Sunni militias.

There's mention that the Syrian civil war is spilling into Lebanon.

Also separately there is mention of pro-regime militias being armed by Iran, which has the Hizbullah connection tighter than Damascus:

Anonymous said...

and rebel militias armed by the rest of the world...

Anonymous said...

The growing spillover from the Syrian civil war, which included the kidnapping of over 30 Syrians in Lebanon today, prompted the United Arab Emirates, Qatar, and Saudi Arabia to tell their citizens to leave Lebanon.

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