WS #16311
Houthi forces have expanded their target set to include direct Saudi infrastructure, with strikes killing personnel at a Dammam airport and an active oil field. This escalation transforms the conflict from a maritime chokepoint risk into a direct supply-side threat, keeping crude prices elevated near $112 despite recovering export volumes. The market is now pricing in a persistent risk premium for physical oil supply disruption in the Persian Gulf.
Middle East Supply Shock
Houthi forces have expanded their target set to include direct Saudi infrastructure, with strikes killing personnel at a Dammam airport and an active oil field. This escalation transforms the conflict from a maritime chokepoint risk into a direct supply-side threat, keeping crude prices elevated near $112 despite recovering export volumes. The market is now pricing in a persistent risk premium for physical oil supply disruption in the Persian Gulf.