We have maintained a wild card all year; that is, the overlay of risk from the Saudi - Iranian dynamic.
We did not know how this might manifest itself, but had the risk that it would. That of course translates to crude and we can do without that burden right now.
The plan to take out the Saudi ambassador (and perhaps others) may be the manifestation we had feared.
Let’s put the odds of violence at 30% at the moment.
Figure this into the desk’s operations.
Robert Craven
We did not know how this might manifest itself, but had the risk that it would. That of course translates to crude and we can do without that burden right now.
The plan to take out the Saudi ambassador (and perhaps others) may be the manifestation we had feared.
Let’s put the odds of violence at 30% at the moment.
Figure this into the desk’s operations.
Robert Craven
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