JPM Warns of Vulnerability That Could Add $20 to Oil Price
Yemen’s Houthi rebels have now formally joined the escalating Middle East conflict. “While their involvement is not yet decisive, it introduces a second maritime pressure point in the Red Sea, alongside the Strait of Hormuz, the conflict now extends into the Red Sea and the Bab el-Mandeb.
Now all they need to do is blow up an LNG tanker in the Suez Canal. They can get the price up over $200.
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