How Iran Proxy's Missile Strikes on Saudi Oil Facilities Affect YOUR Wallet | Watchman Newscast
Iranian Proxy Targets Saudi Oil Facility
The Watchman Newscast with Erick Stakelbeck
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Show Notes
On today's Watchman Newscast, host Erick Stakelbeck breaks down the increase in attacks against Saudi Arabia and its oil facilities by Iran-backed Houthi rebels--and what it could mean for your wallet. On March 7th, the Houthis launched a series of ballistic missiles and drones out of Yemen against Saudi Arabia's Ras Tanura oil processing facility. Although the attack was unsuccessful, the price of Brent crude oil immediately rose to over $70 per barrel for the first time since January 2020. What would a successful attack against Saudi oil facilities do to the global economy and to the already rising price of gas in the United States?
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