, Columnist
Three Reasons the Saudi Attack Won’t Spike Oil Prices
The Middle East — and the crude market — have mellowed since the shock of the Houthis’ last assault.
A destroyed installation in Saudi Arabia's Khurais oil processing plant on Sept. 20, 2019.
Photographer: Fayez Nureldine/AFP
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The oil market must be getting a sense of deja vu.
Now, as in September 2019, Yemen’s Houthi rebels have launched a missile attack on a major Saudi Arabian oil facility. Now, as in September 2019, Brent crude is flirting with $70 a barrel.