The Yemen War: An Underestimated Risk For Oil Prices

Saudi Arabia’s six-year-long offensive in Yemen continues to generate considerable human suffering, fears over Middle East stability, and attention-grabbing headlines. The civil war is estimated to have claimed over 130,000 lives, most of whom were civilians, and sparked what the UN describes as the world’s worst humanitarian crisis. The conflict has its roots in the 2011 Arab Spring, which saw the ousting of former strongman Ali Abdullah Saleh and the appointment of Sunni politician Abdrabbuh Mansour Hadi as president in 2012. The…