Diplomatic ties cut in the Middle East
Oil prices were up Monday morning as tension between nations in the Middle East continue to rise. Saudi Arabia’s execution of Shia Muslim cleric Nemer al-Nemer on Saturday ignited rage in Tehran, where the Saudi Arabian embassy was attacked. Saudi Arabia, along with Bahrain, Sudan and the U.A.E., have downgraded political ties with Iran following the attack.

Bahrain ordered all members of Iran’s diplomatic mission to leave the country within 48 hours, while the U.A.E. has withdrawn its ambassador, leav...

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