Resilient Middle East Oil Trade Learns to Live With War

Oil prices have surged following an escalation of violence in the Middle East, specifically as conflict between Saudi Arabia and the Houthi militia intensifies. Continued attacks on shipping vessels around the Strait of Hormuz have increased risks. Despite these disruptions, the Middle East oil trade remains resilient. Both producers and buyers have successfully adapted their operations to absorb the ongoing risks associated with these attacks, ensuring that the flow of energy continues despite the regional instability.