Houthi Rebels have staged an attack against the Saudi Controlled oilfields in Jeddah, targeting the Global Economy at an incredibly sensitive time.
Hey fun fact, Ukraine isn't the only conflict happening in the world right now. To most people, when I say Houthi Rebel, I might as well be speaking Arabic. Unfortunately, the Houthi Rebels are a very real things, and with Russian oil off the table the world is turning more and more to our friends in Saudi Arabia to supply the world with oil. Knowing this, the Houthis have a direct crosshair on the world economy if t hey can inflict as much damage on the Saudi Oil supply as humanly possible, and today we're seeing the beginning of those attacks crop up.
While most are looking at this situation as a way to interrupt the current F1 races happening in the city of Jeddah right now, a thinking person would look at this and realize there's a broader plan. Targeting the Jeddah Oilfields during the F1 event is a way to publicly televise that there could potentially be an even larger hit to oil prices coming very soon. When the Russia-Ukraine conflict first kicked off, my first thought was that an attack on Saudi Oil fields would be the global Black Swan event that pushed us over the brink.
Today the first of what I believe are going to be many attacks occurred in Jeddah. If the Saudis aren't capable of defending these attacks from the Houthis, the world could be in for a serious oil drought in the very near future.
If you want to know more about the Houthi Rebels, go ahead and hit the search bar with the word "Houthi." We've been talking about them for years.