WS #12827
Oil prices plunged 5%+ on US-Iran strike pause, but Houthi drone attacks on Saudi oil infrastructure to Yanbu and satellite-confirmed Aramco storage tank strikes in Jizan keep geopolitical risk elevated. Baker Hughes reported better-than-expected Q2 results but flagged 1-2% Q3 revenue headwind from Mideast conflict and higher logistics costs.
US-Iran De-escalation vs. Houthi Drone Attacks on Saudi Oil
Oil prices plunged 5%+ on US-Iran strike pause, but Houthi drone attacks on Saudi oil infrastructure to Yanbu and satellite-confirmed Aramco storage tank strikes in Jizan keep geopolitical risk elevated.
Baker Hughes reported better-than-expected Q2 results but flagged 1-2% Q3 revenue headwind from Mideast conflict and higher logistics costs.