WebHeader_Grove.jpg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Become a sustaining member today for your chance to win two season ski passes to the NH ski resort of your choice.

Why Iran-Saudi Tensions Aren't Affecting Oil Prices

In this  April 15, 2008 photo, Iranian oil technician Majid Afshari makes his way at the oil separator facilities in Azadegan oil field, near Ahvaz, Iran. Iran is OPEC's second-largest producer. (Vahid Salemi/AP)
In this April 15, 2008 photo, Iranian oil technician Majid Afshari makes his way at the oil separator facilities in Azadegan oil field, near Ahvaz, Iran. Iran is OPEC's second-largest producer. (Vahid Salemi/AP)

Oil prices rose briefly yesterday after Saudi Arabia, which is Sunni, executed a prominent Shiite cleric over the weekend, setting off a diplomatic row with Shiite Iran. But then oil prices fell, with brent crude finishing down by a little under a quarter of a percentage point Monday.

This kind of tension has pushed up oil prices in the past. Why isn’t that happening now? Here & Now’s Robin Young asks Ali Velshi, host of “Real Money with Ali Velshi” on Al Jazeera America.

Guest

Copyright 2021 NPR. To see more, visit https://www.npr.org.