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Conflict Shakes Middle East Exports

July 26, 2018

Saudi Arabia has announced a temporary halt on oil shipments via Bab el-Maneb with immediate effect after reports of two tankers attacked by Yemen’s Houthi militia surfaced mid-week.  It’s been reported that the two vessels were owned by Bahri (Saudi National Shipping Co.) and that no injuries or spills resulted from the incident.  Bab el Maneb separates Yemen and East Africa and is one of the largest shipping channels in the world, allowing Arabian Gulf petroleum exporters access to the Suez Canal and in turn the European market.  A halt of flows through this channel is sure to ...

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A Potential Monumental Shift

July 9, 2018

US President Trump criticized OPEC for the recent rise in fuel prices, citing that the US pays for defense for many of the groups’ members and therefore, OPEC should make an effort to increase crude supply to pressure global pricing.  Additionally, Iranian President Rouhani hinted at the idea that Iran could disrupt the flow of crude exports out of the Arabian Gulf, while an Iranian Revolutionary Guard commander explicitly stated "If they want to stop Iranian oil exports, we will not allow any oil shipment to pass through the Strait of Hormuz." 

A disruption of this magnitude would result in ...

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