Saudi Arabia just halted oil shipments from Yanbu—their key Red Sea port—after pipeline attacks.
Yanbu normally moves up to 5 million barrels a day. That's not a small number.
Brent crude pushing toward $110/barrel as the news hits. Supply disruptions in the Middle East always get the market's attention fast.
Energy names likely catching a bid. Keep an eye on how this develops—geopolitical risk premium is back in play.
Yanbu normally moves up to 5 million barrels a day. That's not a small number.
Brent crude pushing toward $110/barrel as the news hits. Supply disruptions in the Middle East always get the market's attention fast.
Energy names likely catching a bid. Keep an eye on how this develops—geopolitical risk premium is back in play.