The country that pulled the final trigger to send oil prices into a freefall, Saudi Arabia, may suffer most from the oil market turmoil, analyst Kamel Wazne says, noting that Riyadh has already made such an error before.

Saudi Arabia decided to restrain itself from cutting production and offer a discount for its crude exporters. However, the move, already labeled as the start of an oil price war, could be a simple miscalculation on the Saudi side, Lebanon-based analyst Kamel Wazne believes.

"[They] have not learnt from the mistake they made way back may be five-six years [ago], when they gambled on increasing production and it harmed their economy," he told RT. "Today they're probably making the same mistake."

The bearish trend for oil could actually be fatal for US shale producers, the analyst added. The companies need to make some profit, otherwise investment in this sector will be halted, according to Wazne.

US President Donald Trump hedged his bets on Twitter, suggesting it's "Good for the consumer" but bad for markets because gas prices would go down.

The president's indecisiveness was met with derision by the tweeting masses, who pointed out that he'd essentially pegged his presidency's success to the stock market by constant harping on the rising Dow.

Monday's steep fall came amid already-softening demand for oil from China. So when Russia did not support new cuts agreed by the members of OPEC, this only added fuel to the fire, triggering retaliation from Saudi Arabia. Thus it is Moscow that started this crude price war, Sergey Kopylov, a junior partner at consulting company BSC, has told RT.

"Saudi Arabia, unlike Russia, cannot withstand low oil prices for a long period of time. They have much more narrow safety margin in their budget system."

Moscow says that it has enough reserves to support the national economy for several years even if the situation deteriorates. Russia did not turn its back on the Saudi-led OPEC for no reason. Oil has historically faced oversupply amid a lack of demand and vice versa, but while the signatories of the oil deal were trying to boost the demand, the gap was immediately filled by US firms, mainly by shale oil producers. And they are the ones who will be most severely hit.

"Small producers that are focused only on expensive shale oil... are doomed, and consequently all the money that was invested into them will be buried," Kopylov said.

While American energy majors like Exxon Mobil and Chevron would still be able to subsidize their shale oil fields, the closures of those small businesses that are focused exclusively on shale would partly eliminate the supply glut and could finally bring more long-awaited stability to the markets. This 'shock therapy' will take up to two years to yield results, and when the situation changes, Kopylov believes, Russia and OPEC may finally to return to the negotiating table.

• Who just told the world 'NO'? Russia did!
• Shale's debt-fueled drilling boom is ending
• Drilling frenzy ends for US shale
• Technological indications the US fracking industry is about to go bust

Shortly after Joe Biden received an endorsement from Senator Kamala Harris, Bernie Sanders' campaign announced support from civil rights activist Jesse Jackson. Jackson said in a public statement announcing his support for Sanders:

"A people far behind cannot catch up choosing the most moderate path. The most progressive social and economic path gives us the best chance to catch up and Senator Bernie Sanders represents the most progressive path. That's why I choose to endorse him today."

Jackson spoke at a campaign event for Sanders in Grand Rapids, Michigan, on Sunday. "Thank God for Bernie Sanders," Jackson told the gathered crowd of supporters.

On Super Tuesday, Biden outperformed Sanders among black voters by 40 points or more in states like Texas and North Carolina. Biden also achieved his first primary victory in South Carolina before that, which has a large black voter base among Democrats.

Sanders, however, is the one in need of more support among black voters in upcoming primary races, something he is no doubt hoping Jackson helps with.

Tear gas was deployed at the Kastanies border crossing on Sunday morning, March 8. Footage shows migrants moving away from the gas as they walked on the Turkish side of the border, separated from Greece by a fence. Large numbers of migrants have been heading towards Turkey's European borders since last week after Turkish President Recep Tayyip Erdogan announced that authorities would no longer stop migrants from trying to enter the EU.

Turkey's border will remain open for migrants seeking to reach the EU, Erdogan says.

• Turkish coast guard says stopped migrants from entering Greece at Erdogan's order
• Thousands of migrants try to cross border to Europe as Erdogan says Turkey will no longer 'close the gates'
• "Blackmail": EU strongly rejects Turkey's use of migrants at border, offers €60 million in aid

• Wave of amputations in Gaza shows Israel shoots to maim for life, but sometimes also kill
• Gaza's only bone laboratory is battling drug-resistant bacteria from Israel's bullets
• Israeli general confirms snipers have orders to shoot children - and defends them for it
• Cruel and unusual punishment: IDF violence in Gaza leaves 3 children a month disabled for life according to WHO

• Pentagon and State Department: Trump wants US troops out of Iraq, but not just yet
• Pentagon insists US troops are 'force for good' in Iraq after its parliament votes to expel them
• Iraqi president hits back at arrogant Trump, says he never asked permission to stay in Iraq to 'watch Iran'
• Over a MILLION Iraqis protest against US occupation