Journalist Jamal Khashoggi’s murder has strained an already tense relationship between Canada and the Kingdom.
Trump’s sanctions on Iran are affecting the market.
Liberals are reviewing all future export permits for sales to Saudi Arabia in response to Jamal Khashoggi’s murder.
Freeland still looking for more clarity from the Saudi government about the measures it is taking.
Riyadh’s move to freeze all business with Ottawa impacts opportunities for collaboration and investment.
Kingdom has tried to sting Canada’s economy by halting future trade and investment deals.
Don’t use tweets to convey complex diplomatic messages where language and nuance are critically important.
Kingdom’s energy minister declares firm and longstanding policy that oil is not influenced by “political circumstances.”
An apology or a withdrawal of human rights concerns raised is not on the table.
Financial Times reports Saudi central bank, state pension funds instructed to dispose of Canadian equities, bond and cash.
Says it will always speak up for human rights as Saudi Arabia moves to freeze new trade deals; threaten Canada’s $15-billion arms deal.
They claim the Global Affairs Canada investigation into vehicles being used to commit human rights abuses was deeply flawed.
But longer term, analysts say it’s highly unlikely oil will return to $100 a barrel.
Heavily regulated industry follows the rules set by government.
But prices won’t top $100, and Saudi Arabia won’t cut production to balance the market.