Economist Podcasts Pipe down: attacks on Saudi oil
Sep 16, 2019
Shoshank Joshi, Defense editor for The Economist, and Vijay Vethiswaran, U.S. business editor, dive into the geopolitical chaos surrounding Saudi Arabia's oil industry following recent Houthi attacks. They discuss how these tensions could affect global oil markets and U.S.-Iran relations. The conversation shifts to WeWork’s tumultuous road to IPO amidst skepticism about its business model and leadership. Additionally, they touch on the rising trend of British citizens seeking Iberian citizenship post-Brexit and its financial and social implications.
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Escalation of Proxy War
- The attack on Saudi Arabia's oil infrastructure is a significant escalation in the proxy war between Iran and America.
- The Houthis claimed responsibility, but their involvement is uncertain, raising suspicions of Iranian involvement.
Increasing Scale of Attacks
- Houthi rebels have increased the scale of their attacks on Saudi Arabia.
- Saturday's attack targeted key oil production facilities deep within Saudi territory.
US Response and Potential Iranian Involvement
- The US hinted at military action but stopped short of directly blaming Iran.
- Initial reports suggest potential involvement of Iranian proxy forces in Iraq.