Prof. Steve Hanke: Riyadh Airport Fuel Tanks on Fire as Oil Market Faces Unprecedented Pressure
Summary
Professor Steve Hankey analyzes the escalating conflict between Saudi Arabia and Yemen, arguing that Saudi military efforts are failing against stronger Houthi forces. The discussion covers global economic fallout, including oil shortages and European energy deficits, while critiquing US diplomatic strategies and the lack of trust among regional allies. Hankey also addresses geopolitical shifts in Venezuela and Russia, concluding that the current instability poses severe risks to international supply chains.
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