I don’t see how Iran’s development of the ability to nuke Saudi Arabia and put them out of production [the author’s apparent point] is significantly affected by current oil prices.
The supply and price of oil, like everything else, is set by the “min-max equation”. Generally that equation says sell more at a low price (profit) or sell less at a high price (profit).
Iran is going to find it even more difficult to fund that development of nuclear powerweapons.
The supply and price of oil, like everything else, is set by the “min-max equation”. Generally that equation says sell more at a low price (profit) or sell less at a high price (profit).
Iran cannot afford to sell less oil at any time. There government spending is not being matched by maximum production at $120/barrel.
If Iran has plans to nuke SA, they don’t need a far-reaching delivery system because all of Saudi’s oil facilities are on the Persian Gulf side.