Relations between Russia and the US have been hit by yet another spy scandal, and this one is rather unusual. The presence of agents is declared by the countries they are sent to rather than the countries that send them. However, the presence of a senior level mole who worked in Moscow is not being officially recognised by Washington.
Saturday’s events have shown that the roof will come down on the world economy if any regional conflagration erupts leading to destruction of the petrodollar states. Brent Crude jumped 20% higher Sunday night. If the Saudi outage could last for months, as seems likely, expect the Brent onslaught to continue until the price hits $80, and keeps moving higher.
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