Syria Concerns Continue Attack on Markets | I3investor

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Syria Concerns Continue Attack on Markets

StockFanatic

Publish date: Thu, 29 Aug 2013, 02:52 PM

Global Equities

US equities cruised through the day, oiled by a jolt in energy shares as investors mulled the benefit to oil and gas majors over potential military action against Syria. There are fears foreign military intervention would disrupt oil supply from the Middle East, or even potentially Russia, the world's biggest exporter of crude and an ally of Damascus. This would send prices higher.

US President Barack Obama (pictured left) said on Wednesday the Syrian government would face "international consequences" for last week's chemical attack. He also made clear any response to the crisis would be limited to avoid dragging the country into another war.

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