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The East-West pipeline was meant to keep Saudi oil flowing when the Strait of Hormuz became impassable. Now that route has also been hit, while the Houthi advance near the Bab el-Mandeb Strait is putting Saudi Arabia's export options under new pressure.Chapters:00:00 Intro00:25 East-West pipeline and Bab el-Mandeb Strait explained01:38 How serious is the pipeline shutdown?02:46 Oil prices and export bottlenecks05:12 What does this mean for consumers?07:25 Why are markets reacting now?09:30 Has the Iran war gone regional?11:01 Iran's strategy and Houthi leverage15:16 Are the Houthis an Iranian proxy?16:42 Trump rejects Saudi request to strike Houthis19:20 What security options does Saudi Arabia have?
“We’re not going to be able to put the broken pieces of the egg back together again here.” Alan Eyre, former US-Iran nuclear deal negotiator, says that the latest escalation in Yemen will mean the region will be a “lot trickier to navigate in all senses of the word.”
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