Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Riyadh shifts from oil market offense to defense. -As oil goes, so too goes the global hierarchy of power. The diplomatic and defense spat between the United States and Saudi Arabia shows that … More Saudi Arabia; Reluctant Swing Producer