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Prof. Steve Hanke: Riyadh Airport Fuel Tanks on Fire as Oil Market Faces Unprecedented Pressure
Published 6 days, 17 hours ago
Description
This interview analyzes the escalating conflict between Saudi Arabia and Yemen, highlighting the severe military and economic vulnerabilities of the Saudi regime. Despite massive defense spending, Houthi forces continue to successfully target critical oil facilities and Riyadh, exposing a lack of effective interception. The discussion covers the broader global impact, including disrupted oil supply chains and worsening energy shortages in Europe. It also examines why regional powers like Egypt and Pakistan are unlikely to intervene due to historical defeats and domestic instability. Finally, the conversation critiques current US foreign policy and negotiation tactics, describing them as self-serving and warning of potential internal revolts within Saudi Arabia.
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