Providence Resources - Geopolitical Tension - Various major issues geopolitical now...

Various major issues geopolitical now could sent Oil Price Spiking very soon.

1: Iran Nuclear Negotiations. Cannot see the West lifting sanctions on Iran immediately as Iran has demanded. Congress would not accept this. France has many interests with Gulf States as well that would be affected. Many lobbying in USA against it not least US arms and Oil industry.
2: Yemen Conflict. Yemon effectively divided between Shiite Houthi militants and Sunni Puppet regime/Al Qaeda/Sunni Tribes. Saudi Arabia has mobilized its army on the border with Yemen and Iran sending weapons to their Houthi Brothers. All scenarios look bad for Saudi Arabia and Gulf Oil Emirates and their stability.
3: Congress in US votes 348 to 48 to provide offensive weapons to Western backed Rules in Kiev. Russia has warned that this will blow Minsk deal out of water and spread a lethal war throughout central Europe. Germany and France are opposed to these ARMS shipments.

I believe we are going to see some severe turbulence and Oil Prices may very well spike soon thereafter.