War in Yemen Escalates

With Egypt now considering joining the conflict, that leaves the Suez Canal exposed. The Houthis have shown they can target accurately, and they can reach as far as Israel. If Egypt start attacking them, then the obvious response would be for the Houthis to damage the canal by sinking a large vessel in the middle of it, or by putting its support infrastructure out of action. This would have a significant impact on the global economy. 

Iran and Houthis Unstoppable?

It is strange that we have to follow small independent channels to find out what is going on in the Middle East. This whole story has a strong bearing on the supply of diesel. Texas, for instance, has declared a state of emergency regarding diesel.

The collapse of Saudi Arabia appears imminent. The main reason being no-one is going to fight for MBS, and Saudi soldiers are as useless as tits on a bull (to use the technical expression).

The whole Sykes-Picot framework put in place toward the end of the First World War seems to be falling apart. T.E. Lawrence (Lawrence of Arabia) and his adventures, and the business of the Anglo-French empires carving things up between them on a map, is now dust. Who knows what will emerge, but we are definitely watching history in the making.

Houthis Make Gains

Something tells me the Houthi rebels in Yemen have been seriously underestimated. Next thing you know, they'll be marching down the main street in Riyadh.

Middle East Escalation

With the Houthis now repeatedly attacking Saudi Arabia, it looks as if the US will be ramping up, with strikes against the Houthis and possibly also against Iran. Such action will seriously disrupt world oil supplies.

The best idea for anyone in the region who can get out, is to get out now. 

Saudi Situation Critical

We are not being told the truth. Saudi Arabia is about to fall. The Houthis have knocked out most of Saudi oil production and refining. As well, they've just shot down a Saudi F-15, using a missile they modified to being surface to air. 

Saudi Arabia's Aramco has notified European customers that deliveries may be suspended from late September. This will cause a fuel crisis as Russian oil has been blocked too, partly as a result of war, but also as a result of sanctions, which I said at the time was an act of self-harm.

The entire world is affected by this development; the US imports critical supplies from Europe, and now these may not arrive, while Saudi oil also heads to the Far East and this will be choked off as well. Can it get any worse? 

Oil production in Africa is ramping up, and Venezuelan flows may return, both of which may reclaim some supply, but globally, the World is in deep trouble right now. What we are looking at, potentially, is a Depression of the late 1920's kind. The problem is, the current leadership in every country is completely hopeless and incompetent beyond belief.

Saudi Arabia May Fall?

Now, the Houthis of Yemen have taken control of the access point to the Red Sea and a vital link to Saudi Arabia has been closed off. The Saudis now only have the Suez Canal, overland to the North, and air for resupply and exports. 

Saudi Arabia may fall. I say this because the Saudi military is pathetic. There is no fight in them, and even now they're running away, simply abandoning valuable US-made military equipment which the Houthis are happy to liberate.

Don't be surprised if you find the Saudi crown prince, MBS, turning up in Switzerland semi-permanently. 

Brief history lesson: Saudi Arabia is essentially an invention of the British. Everyone knows the legend of 'Lawrence of Arabia' - T.E. Lawrence. It is amazing that it has lasted this long, but its days appear numbered.

Finding the Drones - It's Hard

Iran is a large country and the drones they use are small. They're hard to find and knock out. Moreover, drones are cheap to make compared to the missiles used to destroy them.

Regional Conflict

The Houthis of Yemen have announced a blockade of the Bab al-Mandab Strait, principally targeting Saudi Arabia. This will have a major effect on the world economy as currently Saudi Arabia has diverted its oil exports to its ports on the Red Sea, away from transiting the Strait of Hormuz, which is also blocked.  

With this move, we can say that the US-Iran war has now gone regional. Yemen's Houthis are backed by Iran.

Is War With Iran Likely?

It does seem as if Iran is being sized up by the US