Thought I'd bring the thread back to life what with activity in Yemen running the price of oil up by a small amount.
Thanks, I was thinking about it too, when the Yemen news broke and the price of oil started to ramp.
Oil went up a "small amount?" WTI went up over 10.75% between 10:45 am on Wednesday and 4:02 am on Thursday, about 17 hours. Brent was up more. Just the hint of a crimp in Saudi supply roiled oil. Goes back to the point that oil is a direct proxy for the stability of the kingdom.
A lot of activity everywhere but ISIS losing ground, they can't fight any more so back to terror tactics, random bombings creating loads of news but not a lot else, many casualties sadly.
No real career in suicide they will run out of volunteers soon i hope.
ISIS is still holding on to Tikrit and Mosul despite an attacking Iraqi coalition and U.S. air strikes.
Rooting ISIS out of cities like Tikrit and especially Mosul, might be like trying to root the Russians out of Stalingrad during WWII. Not easy and it could be a turning point.
Here are several pieces that support that point of view:
And the revolt in Yemen is a Shia revolt instead of ISIS (which is Sunni). But it's the Shia that Saudia Arabia is afraid of, not the Sunni.
It looks like the whole country is being stirred up against Saudia Arabia:
Following the call by the leader of the Houthi movement, Abdul-Malik al-Houthi, tens of thousands Yemenis from all walks of life took to the streets of the capital, Sana'a, to voice their anger at the Saudi invasion.
In a televised address, Abdul-Malik al-Houthi heaped scorn on Saudi Arabia for their “unjustified attack on Yemenis people.” He stressed that the attacks uncovered the “tyrannical nature” of Saudi regime. “This unjustified aggression shows the hostility and arrogance of this regime. The attacks are reflecting the inhumanity of the aggressor.”
I'm not sure how the
Houthi rebels (Zaidi Shia sect) and
Al-Qaeda in the Arabian Peninsula get along? But both are enemies of Saudia Arabia. So with ISIS in the north and these guys in the south is the Kingdom more secure or less secure than it was two months ago?