Changing Middle-East Dynamics a Game Changer for Oil.

In addition to Egypt and Syria, there were other sources of concern such as any renewed fighting between Israel and Hamas.

In a sign that growing concern about instability in the Middle East is now damaging sentiment more broadly, Alex Thursby, CEO, international and institutional banking at ANZ Bank, identified the Middle East as his biggest concern.

“Clearly if there is military action in the Middle East and it is aggressive, that puts the world in a difficult position and this would bring a lot of volatility and very quickly”.