When it rains, it really pours.
Saudi Aramco’s headquarters in Dhahran was directly attacked and caught fire.
On October 14, Saudi Arabia’s Energy Ministry confirmed that an administrative building had been bombed, causing a “limited fire.” No casualties have been reported so far.
And here’s the more serious part:
Houthi spokesman Yahya Saree warned that the group would respond “harshly and painfully” to the Saudi-led coalition’s attack on Sanaa, threatening to target oil facilities in the Eastern Province and Riyadh.
Meanwhile, Trump has started considering bringing Turkey into the fight in Yemen.
The most telling signal is this:
Executives from ExxonMobil, Chevron, Shell, BP, and Total—the world’s five biggest energy giants—have collectively pulled out of the World Petroleum Congress currently taking place in Riyadh.
Put simply, big money got out first.
Trump’s claim is that the Houthis may be trying to drive up oil prices ahead of the U.S. midterm elections, with Iran’s backing.
The midterms are on November 3, and he says he’ll keep taking action after they’re over.
For us, there’s only one chain of events to watch:
Conflict in the Middle East → oil prices surge → inflation picks up → the Fed can’t afford to ease up → all risk assets come under pressure.
BTC is touted as digital gold—but when global panic hits, will it act like gold?
This is the ultimate stress test.
Let’s hear your thoughts in the comments: do you think BTC will be a safe haven this time, or fall along with everything else? 💰
Saudi Aramco’s headquarters in Dhahran was directly attacked and caught fire.
On October 14, Saudi Arabia’s Energy Ministry confirmed that an administrative building had been bombed, causing a “limited fire.” No casualties have been reported so far.
And here’s the more serious part:
Houthi spokesman Yahya Saree warned that the group would respond “harshly and painfully” to the Saudi-led coalition’s attack on Sanaa, threatening to target oil facilities in the Eastern Province and Riyadh.
Meanwhile, Trump has started considering bringing Turkey into the fight in Yemen.
The most telling signal is this:
Executives from ExxonMobil, Chevron, Shell, BP, and Total—the world’s five biggest energy giants—have collectively pulled out of the World Petroleum Congress currently taking place in Riyadh.
Put simply, big money got out first.
Trump’s claim is that the Houthis may be trying to drive up oil prices ahead of the U.S. midterm elections, with Iran’s backing.
The midterms are on November 3, and he says he’ll keep taking action after they’re over.
For us, there’s only one chain of events to watch:
Conflict in the Middle East → oil prices surge → inflation picks up → the Fed can’t afford to ease up → all risk assets come under pressure.
BTC is touted as digital gold—but when global panic hits, will it act like gold?
This is the ultimate stress test.
Let’s hear your thoughts in the comments: do you think BTC will be a safe haven this time, or fall along with everything else? 💰