The situation in Syria only continues to escalate: yesterday Syrian armed forces including tanks conquered the Syrian city of Banias, located in the northern part of Syria, and attacked the protesters against the current ruling of President – Bashar al-Assad.
There are reports of at least 21 people who died during this attack.
The European Union reported that it will issue sanction against top Syrian officials.
US president Barack Obama criticized directly the Syrian regime, and its violent approach towards the protesters.
This escalation in the stability in Syria might further stimulate an indirect effect on major commodities if the risk level in the Middle East will rise, this maybe reflected in the commodities prices.
For more on this subject:
- Oil prices fell sharply last week – Weekly recap 2-6 May
- Oil prices fell very sharply yesterday, what’s next? – Oil outlook 6 May