Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Sunday, 5 January 2020
US Killing of Iran's Soleimani Pushes Oil Prices Up, Stocks Down | DW News
News that a US airstrike killed top Iranian general Qassem Soleimani, ratcheting up geopolitical tension in the region, has struck fear across the world's stock market trading floors. Worries over Iranian retaliation against the US and further instability in the crude-rich Middle East have sent oil prices soaring. Soleimani was the head of the elite Quds Force of Iran's Revolutionary Guard. Iran's Supreme Leader Ayatollah Ali Khamenei declared three days of national mourning for the general's death. According to reports, US President Donald Trump ordered the attack. So how can we expect markets to respond to the escalation of tensions in the Middle East?
