McCain warns of economic crisis as forces evacuate Damascus

Tensions ramped up after a poison gas attack killed hundreds in a rebel-held area outside the capital last week.

Assad is “obviously responsible,” McCain asserted during an interview on “Squawk Box.”

“What is this doing? One of the first signs is driving up the price of oil. There are economic impacts if this conflict continues to spiral out beyond the borders of Syria,” the Arizona Republican said. “Those who think we can contain this within Syria, frankly that’s just not what’s happening in that part of the world.”

But McCain said, “Don’t worry about the Suez Canal. It’s not going to be closed. That’s a ‘Straw Man.'” The closure of the key trade waterway is often a concern when there are flare-ups in the Mideast.

“There certainly could be [other] areas of unrest and areas of disturbance that would disturb the world’s oil supply,” he warned.

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