Houthi missiles hit Saudi Aramco terminal, oil in the crosshairs
At least five Houthi ballistic missiles struck a Saudi Aramco terminal in Jizan. The escalation in Yemen threatens Saudi energy security and could unsettle global oil markets.
English · Original discussion in Spanish · Published
Can the Houthis destabilize the global oil market?
In the early hours of Saturday, Yemen's Houthis launched a missile attack on a Saudi Aramco facility in Jizan, according to reports from Iran's Fars News agency. At least five ballistic missiles hit the company's maritime terminal, the world's largest crude producer. The strike not only reignites the conflict in Yemen but also puts Saudi Arabia's energy security to the test.
The attack is no isolated incident. The Houthis, backed by Iran, have scaled up their military capabilities with ballistic missiles and drones. Although Riyadh boasts of its missile defense systems, the reality is that some projectiles still get through: the defensive umbrella is not infallible. The irony is that while in Spain some call for a rain of hypersonic missiles to solve their own problems, in the Middle East the rain is already real and carries economic consequences.
The question is whether actions of this kind can drive up the price of crude. For now, markets have not reacted sharply, but every successful attack brings closer the risk of a serious supply disruption. The Houthis have shown that, with sheer nerve and Iranian missiles, they can hit Saudi Arabia where it hurts most. And in a world where proxy wars are fought missile by missile, no one is safe from the shockwaves.
In the early hours of Saturday, Yemen's Houthis launched a missile attack on a Saudi Aramco facility in Jizan, according to reports from Iran's Fars News agency. At least five ballistic missiles hit the company's maritime terminal, the world's largest crude producer. The strike not only reignites the conflict in Yemen but also puts Saudi Arabia's energy security to the test.
The attack is no isolated incident. The Houthis, backed by Iran, have scaled up their military capabilities with ballistic missiles and drones. Although Riyadh boasts of its missile defense systems, the reality is that some projectiles still get through: the defensive umbrella is not infallible. The irony is that while in Spain some call for a rain of hypersonic missiles to solve their own problems, in the Middle East the rain is already real and carries economic consequences.
The question is whether actions of this kind can drive up the price of crude. For now, markets have not reacted sharply, but every successful attack brings closer the risk of a serious supply disruption. The Houthis have shown that, with sheer nerve and Iranian missiles, they can hit Saudi Arabia where it hurts most. And in a world where proxy wars are fought missile by missile, no one is safe from the shockwaves.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (14 replies).
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