Energy

Yemen's Houthis claim attack on Aramco oil facility in Saudi Arabia, and other Middle East news - NPR

Source: NPR

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DW NOTE

The Houthis have been striking Saudi infrastructure since 2015 — eleven years of low-grade attrition that Western media treats as episodic news. Aramco facilities remain functional through redundancy, not invulnerability. The real vulnerability is the Strait of Hormuz, which has been effectively closed since early August with 2,000 ships stranded and six months of mine-clearing ahead. Yet WTI trades at $78, down 31% from its one-year high, because the market has priced in demand destruction, not supply disruption.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

Yemen's Houthis claim attack on Aramco oil facility in Saudi Arabia, and other Middle East news - NPR

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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