Fin - Daily Ticker - US

“Markets Are Terrified” as Middle East Turmoil Continues to Flare, Says Expert

Aaron Task
Daily Ticker

Wednesday brought additional fighting in Libya, protests in Syria and a state of emergency in Yemen as unrest continues to roil entrenched regimes across the Middle East and North Africa.

Having already toppled dictatorships in Tunisia and Egypt, the so-called Jasmine Revolution has "got a long way to go," says Robert Powell, Mid-East analyst for The Economist Intelligence Unit. "The aims of the protests are extremely difficult for entrenched regimes to meet; there's very little middle ground."

In the accompanying video, Powell and I discuss where the movement is likely to spread next, the U.S.'s inconsistent — and arguably hypocritical -- response, Iran's role in Bahrain as well as the current situation in Egypt.

We also discuss the potential for unrest in Saudi Arabia, the scenario about which Powell says "markets are terrified."

Recommended for You