A New Threat in the Middle East Sends Oil Over $100 a Barrel Again The Middle East has long been a region of high stakes and high tension, where even small conflicts can have far reaching consequences.
The recent emergence of a new threat has sent oil prices soaring above $100 a barrel, a level not seen since 2014.
Understanding the New Threat in the Middle East At its core is the simmering conflict between Iran and Saudi Arabia, two major regional powers with competing interests.