Global markets tank amid Saudi-Russia oil price war



A crash in crude oil prices spreads to the stock markets, in what analysts are calling “Black Monday” – with some of the worst drops since the 2008 financial crisis as Saudi Arabia announces production hikes and price cuts amid a dispute with OPEC+ ally Russia. Meanwhile, coronavirus fears also take a major bite out of the global tourism industry as travellers stay home and an increasing number of countries restrict access to major destinations. 

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