The Oil Market's Fearsome New Reality The global oil market has long been a hotbed of speculation and uncertainty.
Recent events have brought a sense of grim familiarity to the equation, echoing the 2019 attacks on Saudi Aramco's Abqaiq facility that sparked a sharp spike in crude prices.
At the heart of this new reality is the Red Sea chokepoint, where Houthi strikes and shipping anxieties have brought oil flows to a near halt.