Geopolitical Risks Rise In Energy Markets

Politics, Geopolitics & Conflict This week, we saw a fairly big scare for the oil industry in the form of an intelligence-sharing event between the Saudis and the Americans warning of a potential Iranian attack on Middle East oil facilities–most notably, Aramco’s. As we noted in last week’s briefing, the September 2019 attack by Yemen’s Iran-backed Houthis on Aramco facilities caused chaos in the global oil markets. If it happens again, it will cause far more chaos. Iran has called the media reports surrounding such…