Semafor — Houthis strike Riyadh a second day as Iran steps up Hormuz attacks
pick
Semafor — Houthis strike Riyadh a second day as Iran steps up Hormuz attacks
· Semafor
Source: View source · Semafor · web
Why it's worth your time
Houthi missiles hit the Saudi capital for a second straight day while Iran stepped up its attacks on ships in the Strait of Hormuz, so the war is now pressing on the Gulf's biggest exporter and its main shipping lane at the same time. This was one of two drivers behind Thursday's oil jump; the other was a hurricane threatening US Gulf production.
Related
8 events DateTypeEvent
Oct 6 tweetFrontier Map — Europe paid 8.6 times the US gas price in September as Hormuz cut Qatar's LNG exports Oct 1 tweetEric Nuttall — exports recover to a 14.3MM bbl/d 7-day average but are still ~4MM short, and OilX has Mideast output down 6.6MM bbl/d Oct 16 tweetMakai Research - VLCC owners slow-steam in ballast despite $600k-$1m a day earnings, propping up the freight spike Oct 9 tweetEric Nuttall — $80-plus WTI for 2027 is now on the table, with free-cash-flow yields up about half Oct 9 pickSemafor — a large tanker from the US to Asia now costs up to $77M to hire, from under $10M last year Oct 15 tweetEric Nuttall — energy fund ends two months of defense and deploys cash on an $84 2027 WTI strip Sep 22 pickAXIS CEO Vince Tizzio — marine cover around Hormuz is up 30-40% on a year ago Sep 22 pickMarketWatch — jet fuel is following diesel's price jump as refineries run short Source links
Tweets, videos, filings, articles, and source pages tied to this read.
semafor.comsemafor.com