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24.10.26 - 20:48
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Houthis Announce Massive Missile Attack On Saudi Territory, Including East-West Pipeline (ZeroHedge)
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Houthis Announce Massive Missile Attack On Saudi Territory, Including East-West Pipeline
Yeman's Ansar Allah movement (Houthis) have announced a major new Saturday operation against Saudi territory, claiming to have struck over a half-dozen targets deep inside the kingdom, including against energy infrastructure and airports.
Within an hour of the announcement, Saudi air alerts were issued, with mid-evening (local time) Al Jazeera recording the following: "Saudi Arabia's Civil Defense warns of falling shrapnel from Houthi ballistic missiles fired towards the Mecca and Medina regions."
Ballistic missiles are being intercepted and/or making it through to their targets. Houthi military spokesman Yahya Saree announced the attacks in a video statement.
"In response to the treacherous Saudi aggression against our country, which launched 100 airstrikes over the past 24 hours targeting civilian infrastructure in the capital Sana'a and the free governorates, leaving dozens of martyrs ...
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22.10.26 - 21:42
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Saudi Aramco Evacuates HQ, All Staff Put On Remote Work (ZeroHedge)
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Saudi Aramco Evacuates HQ, All Staff Put On Remote Work
Saudi oil giant Aramco has evacuated its headquarters in Dhahran after it recently came under a Houthi ballistic missile attack out of Yemen.
Sources told the AFP and Reuters that the company told remaining staff to evacuate from its headquarters amid two weeks of intensified Houthi attacks across the region.
via Saudi AramcoThe City of Dhahran is in the Eastern Province of the country, and is the administrative center for the Saudi oil industry. There are sprawling residential areas for employees near the HQ, but there's nothing to indicate the residential areas have been evacuated too.
Saudi-coalition spokesman Turki al-Maliki had announced on Oct.13: "Interception and destruction of a ballistic missile launched by the terrorist Houthi militia towards the city of Dammam."
Reuters reported at the time, "A source with direct knowledge of the matter told Reuters the Aramco headquarters had been struck, though it wa...
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22.10.26 - 17:32
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Houthis Step Up Attacks on Saudi, Sending Oil Higher (Bloomberg)
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Iran-backed Houthi rebels in Yemen step up their attacks on Saudi Arabia. Saudi Aramco had to evacuate its headquarters and the kingdom is on alert for more strikes. The US State Department has ordered non-emergency personnel to leave the country. Oil prices are spiking. Bloomberg's Tyler Kendall reports. (Source: Bloomberg)...
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22.10.26 - 15:48
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Futures Slide As Market Runs Out Of AI Patience, Oil Jumps On Saudi Attacks (ZeroHedge)
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Futures Slide As Market Runs Out Of AI Patience, Oil Jumps On Saudi Attacks
US futures are lower as the AI trade discovered that there is no right answer on capex: Meta spent more, Tesla spent less, and the market slammed both (after an initial kneejerk bounce), while a fresh wave of deadly attacks on Saudi Arabia, a US-ordered departure of diplomats from the kingdom and an NYT report that the US and Israel have drawn up plans for renewed strikes on Iran after the midterms sent Brent back above $112; as a result the flight to quality is back on, with 10Y yields sliding 9bps to 5.03% even as oil jumps and French bond yields soar. As of 8:00am ET, S&P futures are 1.0% lower at 7,720.75 while Nasdaq futures are down 1.7% at 29,507.50 and Dow futures are 0.6% lower. Wednesday's session closed near its highs, with the S&P rising 0.6% to 7,757 for a third straight gain and closing within 1% of its record high, as the SpaceX blowout revived the AI trade. In premarket trading, all Mag 7 names are red...
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22.10.26 - 15:48
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Brent Tops $112 As Tanker Attacks And Saudi Strikes Fuel Escalation Fears (ZeroHedge)
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Brent Tops $112 As Tanker Attacks And Saudi Strikes Fuel Escalation Fears
Despite our overnight note titled "More Oil Is Leaving The Gulf Than Before The War": And Here Comes The Shocking Freight Bill, Brent crude futures topped $112 a barrel early Thursday as fears of escalation in the Gulf area mounted and chaos and turmoil continued.
There's a bunch of overnight news pushing Brent prices higher.
Let's begin with news that the Iranian military claims it hit four "violating" oil tankers with projectiles while they were transporting crude in the northern Persian Gulf. The semi-official Fars news agency first published the report, citing an IRGC statement.
? IRGC CLAIMS 7 TANKERS HIT IN 24 HOURS NEAR STRAIT OF HORMUZ Iran's IRGC Navy says seven oil tankers were hit or damaged in the past 24 hours: • Four vessels involved in ship-to-ship oil transfers were targeted and caught fire. • Three others reportedly struck naval mines west of the Strait of Hormuz. Separate...
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22.10.26 - 12:54
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Saudi Attacks Push Oil Higher as Stocks Slide on Tech Earnings (Bloomberg)
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Wei Li, BlackRock Global Chief Investment Strategist; Joseph Pinto, M&G Asset Management CEO (Source: Bloomberg)...
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22.10.26 - 12:54
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Oil Climbs as Houthi Attacks on Saudi Arabia Continue (Bloomberg)
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Three people were killed in two attacks on an Aramco oil field and an airport in Saudi Arabia's Eastern Province Wednesday. The US State Department issued an ordered departure for non-emergency personnel and their families from the kingdom. The US move comes due to the growing threat from Houthi militants in neighboring Yemen. Abeer Abu Omar reports on Bloomberg Television. (Source: Bloomberg)...
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