Hurting in the Middle Eastern sense means being shot. Watch the armies. If, as in Egypt, they refuse to fire on the people, the leader is toast.
The unrest in Libya sparked the 9 percent spike in black gold today and the unrest is spreading. $100 oil is nothing new to the energy markets but the fact that the turmoil contaigon has picked up steam, just how high can oil go? I decided to speak with David Wyss, Chief Economist at Standard & Poor's.
Libyan unrest is boosting the dollar, and a European Central Bank hawk is helping the euro. Here's your daily FX Fix.
"Higher oil is by definition going to be a drag on spending and the economy and the uncertainty the middle-east crisis is creating is bad news for sentiment," Simon Derrick, head of currency research at BNY Mellon, said.
If previous EU responses to the euro crisis are any guide, investors should not be expecting a highly-coordinated, shock-and-awe approach like those we have seen from the US authorities.