HOUTHIS STRATEGICALLY STRIKES SAUDI ARABIA ARAMCO OIL REFINERY
- Michael Thervil
- 8 hours ago
- 2 min read
Written by Michael Thervil
[Houthis Saudi Arabia Aramco strike] Ansarullah also known as the Houthis executed a series of strategic ballistic and cruise missiles in conjunction with drone strikes on the Aramco oil refinery located in the city of Jizan, Saudi Arabia this past Saturday. This latest successful strike conducted by the Houthis comes on the heels of Saudi Arabia striking Yemen's Hodeida commercial port. This strike by Saudi Arabia is a follow up strike that was conducted by Saudi Arabia which targeted Yemen's Sana International Airport that left the airport runway inoperable. The Houthis accused Saudi Arabia of attempting to sabotage and/or kill a house delegation which was coming back from it’s visit from Tehran, Iran.
The Aramco oil refinery typically processes 400,000 barrels a day for the global oil market. However, Saudi Arabia holds over 250 billion barrels of crude oil. Saudi Arabia's Aramco oil refinery accounts for roughly 40% of West Asia’s oil market since 2023 and is the world fifth largest oil market. While mainstream news organization are downplaying the Houthis missile strikes on the Saudi oil refinery as a tit-for-tat measure, some speculators are referring to the Houthis latest counter-offensive as “calculated” and that any attempt to downplay the Houthis counter-offensive is nothing more than an insult to the intelligence of those how religiously observe the geopolitical chessboard.
The reason why many are referring to the latest missile and drone strike on Saudi Arabia as “calculated” is because of the timeliness of the strikes. These strikes come at a time as Saudi araba has been engaging in the rerouting of it’s oil 1,200 miles towards the western city of Yanbu, Saudi Arabia in an attempt to circumvent the Iranian blockade in the Strait of Hormuz. Brigadier General Yahya Saree of the Houthi military stated to the Press that they hit "sensitive Aramco-affiliated facilities in Jizan with dozens of ballistic missiles and drones." He followed up that statement with they also struck “sensitive Aramco-affiliated facilities in Yanbu with a number of ballistic and cruise missiles and drones.”
For the Houthis and Iran, this is a well-played hand, for Saudi Arabia and the world, this will only lead to less oil and gas and higher oil and gas prices within the market. The question that’s currently being asked is how long can the oil and gas market hold on until it breaks?
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