The Intelligence from The Economist Pipe down: attacks on Saudi oil
Sep 16, 2019
Shashank Joshi, Defense editor for The Economist, and Vijay Vithyswaran, U.S. business editor, dive into the recent missile strikes on Saudi oil facilities, unveiling their implications for geopolitical tensions and the proxy conflict with Iran. They discuss how this event threatens Saudi Aramco's IPO amid rising investor concerns. The conversation also touches on WeWork's tumultuous journey towards its own IPO, facing valuation drops and governance doubts, while examining the broader social impact of Brexit on British Jews seeking EU citizenship.
AI Snips
Chapters
Transcript
Episode notes
Escalating Tensions
- The attack on Saudi Arabia's oil infrastructure is the latest in a series of escalating provocations in the region.
- The scope of the attack and its target's significance mark a serious escalation in the proxy battle between Iran and America.
Attack on Saudi Oil Facilities
- The Houthi rebels claimed responsibility, but their ability to execute such a sophisticated attack is questioned, possibly implicating Iran.
- The attack targeted key Saudi oil facilities, significantly impacting global oil production.
Potential for Escalation
- Diplomacy between the US and Iran is now less likely due to the attack.
- There's a risk of military escalation by either Saudi Arabia or the US if Iran's involvement is confirmed.