Saudi Arabia says oil tankers hit off UAE coast, Iran calls for probe

We know North Dakota has changed when news of an oil tanker conflict in the Mid-East can be characterized as a local topic. But that’s the world we live in. Reuters has the full story on the incident.

It matters in North Dakota because political stability half a world away leads to price stability in our local oil markets. Shocks to that stability or uncertainty about maintaining it will have ripple effects through global markets that set the price of North Dakota oil.