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Tumbling Oil Price Likely to Reshape Mideast Geopolitics, Complicate War in Syria

The plunging price of oil is not only rattling financial markets around the world, but oil-producing countries too. As the price drops it has the potential to reshape the volatile geopolitics of the Mideast, a region at war and already in turmoil. The price of oil will have a big impact on Saudi Arabia, Iran and Algeria, countries that are on the margin in terms of their public budgets and the rising demands from growing populations,” says Paul Salem, vice president of the Middle...

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