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Tehran's Houthi Proxies Attack Saudi Aramco Again, Crude Spikes, As Iran's Military Command To Be 'More Aggressive'
Tehran's Houthi Proxies Attack Saudi Aramco Again, Crude Spikes, As Iran's Military Command To Be 'More Aggressive'
Summary
Saudi Aramco attacked again: Houthi drone strikes on a Saudi refinery sent oil prices higher.
Hormuz stalemate & standoff: US says it can sustain the Iranian port blockade indefinitely.
Iran digs in: Tehran appears prepared for a prolonged war of attrition.
Hard-liners rise: Iran reshuffled senior security leadership toward a more aggressive posture.
Diplomacy dead-end: Iran says the U.S. has miscalculated, while talks remain deadlocked.
* * *
Attack on Saudi Aramco Facility Sees Crude Spike
Oil prices have spiked...
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Sep 2, 2026 / Tyler Durden
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Flash In The Pan Already Burned Out: German Economy Loses Its Hormuz Boost
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Submitted by Thomas Kolbe
That Was a Short-Lived Boom.
After just a few weeks, the special economic effect of the closure of the Strait of Hormuz has already evaporated, according to Germany’s Federal Ministry for Economic Affairs. In its monthly report, the ministry states that energy-intensive sectors and companies in German industry benefited from a massive disruption of supply chains in Asia following the closure — a one-time opportunity to temporarily offset the competitive disadvantages at home by shutting...
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