Steve Hanke: BREAKING: Yemeni Ballistic Missile Strikes Riyadh Airport— Multiple Casualties Reported
Summary
This episode analyzes the escalating conflict between Saudi Arabia and Yemen, highlighting recent missile strikes on Riyadh and Jeddah that have exposed vulnerabilities in the Saudi economy. The discussion critiques the efficacy of US sanctions and oil logistics, noting that physical delivery costs far exceed futures prices due to logistical bottlenecks. The hosts also examine the geopolitical implications of potential US-Israeli actions against Iran and the upcoming Brazilian election, where markets favor a shift toward fiscal austerity under the Bolsonaro camp.
Topics discussed
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Introduction and Guest Welcome
Saudi Arabia's Military Operations in Yemen
Assessment of Saudi Strategy and Risks
Oil Prices vs. Physical Delivery Costs
Russian Diesel Exports and Market Volatility
Trump's Sanctions Relief and Diesel Crisis
European Stockpiles and Political Spin
South Korea Deal and Alaska Pipeline Feasibility
Public Perception and Upcoming Elections
Saudi Decision-Making and Economic Impact
Regional Vulnerabilities and Iran Threats
Houthi Capabilities and Ethiopian Conflict
Regional Geopolitics and Oil Logistics
Physical Oil Price Premiums
US-Russia Diesel Deals and European Demand
Sanctions Backfire and Ukrainian Attacks
Strait of Hormuz and Self-Inflicted Wounds
Intelligence Targeting and French Involvement
Riyadh Airport Attack and Casualties
US-Russia Intelligence Dynamics
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Gulf Oil Flows and Strait of Hormuz Traffic
New Choke Points and Shipping Costs
Pentagon Plans for Iranian Infrastructure
US Midterms and Israeli Election Timing
Netanyahu's Popularity and Greater Israel
War Strategy Dictated by Israel
Iranian Economic Resilience and Inflation
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Pre-War Economic Propaganda vs. Reality
Brazilian Election: Bolsonaro vs. Lula
Market Reactions to Brazilian Austerity
Brazilian Monetary Policy and Fiscal Control
Upcoming Election Analysis Plans
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