$1000 Per Barrel Oil?
Nov. 18 (Bloomberg) -- Iran’s top general denounced Saudi Arabia’s air strikes against rebels in Yemen as the start of “state terrorism” that may have consequences throughout the Middle East.
The Saudi government must realize the danger of continuing “Wahhabi terrorism,” Iran’s state-run Press TV cited Major General Hassan Firouzabadi as saying in a statement late yesterday in Tehran.
Saudi Arabia two weeks ago began air attacks on Shiite Muslim rebels who seized territory on the 1,500 kilometer (930- mile) border its shares with Yemen. Saudi Arabia said Nov. 8 it regained control of its territory.
Yemen accuses Shiite-led Iran of arming the Houthi rebels, who have been fighting the government in the northwestern province of Saada since 2004. Wahhabism, a strict Sunni Muslim movement, is the dominant form of Islam in Saudi Arabia, the world’s largest oil exporter.
The Yemen conflict is the prelude for regional conflicts to come, Press TV cited Firouzabadi as saying. The war is the result of efforts by the U.S. and U.K. to cause rifts among Muslims around the world, he said.
Iran’s parliament two days ago condemned Saudi involvement in the Yemen conflict.
“How can the Custodian of the Two Holy Mosques bring himself to permit the killing of innocent Muslims?” Press TV cited Parliament Speaker Ali Larijani as saying, referring to Saudi Arabia’s King Abdullah. The kingdom is home to Islam’s holy cities of Medina and Mecca, the birthplace of the prophet Mohammed and the site of the Grand Mosque.
This could get volitile....I believe both Saudi Arabia and Iran have fairly substantial oil reserves.