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YGRN - Fear-Based Oil Price Response Likely To Fizzle
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
In 2019, President Trump signaled that the U.S. would not go to war with Iran for Saudi Arabia. That compelled the Saudis to begin negotiations with Iran to reduce tensions. Iraqi Prime Minister Abdul-Mahdi told Al Jazeera that he believed Saudi Arabia was looking to de-escalate tensions after his visit to the kingdom in late September and that it is in everyone’s interests to prevent further war in the region.
Adel Abdul Mahdi held talks with Saudi King Salman in Jeddah on September 25 [Iraqi prime minister's media office/Handout via Reuters]