Literally, as government buildings are set afire by protesters. I’m sure another Jeffersonian democracy will flourish in that strategic plot of land along the Arabian Sea….
Bahrain is in turmoil as well, squeezing Saudi Arabia in a vice of instability….
Despite the news, oil prices have reversed earlier gains, dropping nearly $2 in the last two hours…
EUR/USD is pushing for barriers at 1.3700, reaching 1.3699 so far.
UPDATE: We reached 1.3703 on that last surge.