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Vehicles carrying Syria's national flag and playing pro-President Bashar al-Assad songs, drive through the streets in Damascus on Aug. 28, 2013.
Vehicles carrying Syria's national flag and playing pro-President Bashar al-Assad songs, drive through the streets in Damascus on Aug. 28, 2013.
(KHALED AL-HARIRI/REUTERS)

Syria + wider conflict = $150 oil

The connection between Syria and rattled stock markets isn’t entirely clear, until you focus on crude oil and the fact that at least one observer can see a spike to $150 (U.S.) a barrel if the conflict spreads.

No, Syria isn’t a top oil exporter, especially after the United States and the European Union imposed trading sanctions on the country. But it is situated in a sensitive area for oil exports from other countries – making a wider conflict potentially very disruptive.