Organization of Oil Exporting Countries

Oil Prices Soar After US Strikes Syria – A Promising Development for Trump’s Saudi Allies

A Saudi man walks at the Tadawul Saudi Stock Exchange, in Riyadh, Saudi Arabia. (AP/Hasan Jamali)
MINNEAPOLIS– While the geopolitical implications of Trump’s recent airstrikes against the Syrian government have dominated both mainstream and alternative news outlets, what has been largely overlooked thus far is their economic impact. Soon after the strikes took place, crude oil prices jumped, reaching a one-month high on Friday by surpassing 55 dollars per barrel.