This is Saudi Arabia’s benchmark stock index on Tuesday:
It’s down some 6.6 per cent — its lowest since September 2009 — on ongoing rumours that Saudi Arabia is sending tanks to Bahrain to support its ruling regime.
The story originated on Press TV — a television network owned by Iran, the Saudi kingdom’s great rival, so caveat emptor.
Others voices in the market though contend the tanks may be in the region due to a joint military exercise.
Either way, the disruption is beginning to weigh on EURUSD rates, according to CitiFX Wire — last seen at 1.3819.
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