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Muted market reaction to Saudi oil attacks underlines investors’ habit to underprice geopolitical risks


Abdulaziz bin Salman (centre), Saudi Arabia’s energy minister, speaks during a news conference on September 17. The weekend attacks on the kingdom eliminated about 5 per cent of global oil supply and raised the risk of more conflict in the region, propelling Brent crude prices to a record surge on Monday. Photo: Bloomberg

Source: South China Morning Post