The New York Times
February 22, 2011

Political turmoil in the Middle East and North Africa continued to haunt financial markets on Tuesday, pushing up crude oil, driving down stock prices and sending investors into safe-haven investments.

The unrest seen during the overthrow of the leaders of Egypt and Tunisia has swept into Bahrain, Algeria and Libya. There have also been demonstrations in Yemen, Jordan, Syria and Lebanon.

“Over the past few weeks we had a domino effect, and the concern is that anything can happen,” said Justin Urquhart Stewart, a founder of Seven Investment Management in London. “At the moment the ripple is very small, but it has the potential to turn into something bigger quickly.”

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