Houthi Attacks Threaten Middle East Oil Flows: ‘absolute Struggle,’ Expert Says
Kpler director of commodity research Matthew Smith analyzes Middle East crude oil exports, the impact of Houthi attacks on regional oil flows and rising tanker rates on ‘The Claman Countdown.’
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Video Summary
AI GeneratedMiddle East oil producers are successfully bypassing Iranian blockades in the Strait of Hormuz, with crude flows recovering to nearly 75% of pre-war levels. Despite ongoing attacks by Iran and Houthi rebels on infrastructure and tankers, producers are utilizing pipelines and ship-to-ship transfers to maintain exports, though this has caused shipping costs and tanker stocks to surge.