Iran's Latest Terrorist Attack Matters More than OPEC's Latest Meeting, RBC's Croft Says -

"Oil market attention was focused on an OPEC meeting in Algeria this weekend, but it was Saturday's terrorist attack in an oil-rich part of Iran that 'could have serious security implications for the world's most important oil production region,' according to a closely-watched oil analyst."

Why this is important: Saturday's terrorist attack (killing 25 and wounding 60) on a military parade in Ahvaz, a city in the oil-rich southwest of Iran, could potentially be of significant consequence and exacerbate already dangerous Middle East antagonisms. Both Iran and Saudi Arabia have jockeyed for geopolitical and religious sectarian dominance in the region for decades. There is confusion over the identity of the perpetrators of the attack--Islamic State claiming responsibility, but some analysts opining the attack was the work of an Arab separatist group....