Ann: Investor Roadshow Presentation, page-152

No risk has been priced into the poo like used to happen whenever there was trouble in the Middle East.

Russia Is now bombing US backed rebels like the Syrian Free Army in Syria and with Iran looks like its going to back the Houthi rebels in Yemen..

Yemen is neighbours with Saudi Arabia the worlds largest oil reserve and Saudi Arabia is bombing Yemen.
Both Iran & Russia are hurting from the Saudi's pushing down the poo - how long before a Houthi strike into Saudi Arabia?

Putin's Latest Moves: The Military Alliance Among Iran, Hezbollah And Russia In Syria Could Spread To Yemen

SOUTH LEBANON -- Russia and Iran, long allied in their support of Syrian President Bashar Assad, appear to be extending their partnership into Yemen. Moscow is now supporting the Tehran-backed Houthi rebels who are fighting forces loyal to the U.S.-supported exiled president, a senior Hezbollah official told International Business Times.
The Houthi rebels have been fighting a 10-country Saudi-Arabia-led coalition since March. Iran has been the rebels’ main supporter for several months, but Tehran’s Lebanese ally Hezbollah and Russia are increasing support for the Houthis -- forming an alliance very similar to the one largely responsible for keeping Assad in power.
When asked whether Russia is helping Hezbollah in Yemen as it is in Syria, the official said: “Of course they are.”
Russia is providing weapons to the Houthi rebels, and Lebanon’s Iran-backed Hezbollah is on the ground in Yemen on a “leadership level,” the senior Hezbollah official told IBT.

http://www.ibtimes.com/putins-lates...n-hezbollah-russia-syria-could-spread-2113386

Things could change very quickly - imagine a risk to the oil flow from Saudi Arabia - all those players know oil is No1 in that region - you want to hurt someone - hurt their oil..