WS #15828
Escalating Houthi attacks have shifted from shipping disruption to direct strikes on Saudi Aramco hubs and claims of a ballistic missile hitting Riyadh airport. This has pushed Brent crude above $106 per barrel and US diesel futures up 5%, triggering a global energy supply shock. The impact is immediate: Indian bonds are slipping, and China's CPI is rising on energy costs. This is a high-impact, cross-asset move that pressures airlines and refiners while benefiting integrated energy majors.
Middle East Energy Shock
Escalating Houthi attacks have shifted from shipping disruption to direct strikes on Saudi Aramco hubs and claims of a ballistic missile hitting Riyadh airport. This has pushed Brent crude above $106 per barrel and US diesel futures up 5%, triggering a global energy supply shock. The impact is immediate: Indian bonds are slipping, and China's CPI is rising on energy costs. This is a high-impact, cross-asset move that pressures airlines and refiners while benefiting integrated energy majors.