The Phaserl


Saudis offer Russia secret oil deal if it drops Syria

[Ed. Note: While this article was originally published by the Telegraph in August, we somehow missed it. Well worth your time. ~MRH]

by Ambrose Evans-Pritchard, The Telegraph:

The revelations come amid high tension in the Middle East, with US, British, and French warship poised for missile strikes in Syria. Iran has threatened to retaliate.

The strategic jitters pushed Brent crude prices to a five-month high of $112 a barrel. “We are only one incident away from a serious oil spike. The market is a lot tighter than people think,” said Chris Skrebowski, editor of Petroleum Review.

Leaked transcripts of a closed-door meeting between Russia’s Vladimir Putin and Saudi Prince Bandar bin Sultan shed an extraordinary light on the hard-nosed Realpolitik of the two sides.

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