Prof. Steve Hanke: Dozens of Ballistic Missiles Strike Aramco’s Jazan Refinery & Yanbu Pipeline
This interview explores escalating geopolitical tensions and their impact on global markets. Key topics include Saudi Arabia's conflicts with Yemen, highlighting the Houthis' resilience and the resulting strain on Saudi oil infrastructure. The discussion analyzes how these conflicts, alongside NATO-Russia tensions in the Black Sea, are disrupting critical global choke points (Strait of Hormuz, Red Sea, Bosphorus), driving up oil and wheat prices. While this turmoil squeezes importers, it improves terms of trade for agricultural exporters like Brazil. The conversation also critiques US foreign…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.