Despite reports of surging oil flows out of the Strait of Hormuz, tensions in the Middle East remain high as the fresh Saudi-Houthi escalation threatens to unravel recent success in restoring oil exports. This weekend, the Iran-aligned Houthis claimed a missile and drone attack on a facility of Saudi Aramco in Riyadh, the Saudi capital city. However, the Saudi-led coalition supporting Yemen’s internationally recognized government said that the Houthi claim is “misleading”. The Iran-aligned rebels are “attempting to divert…

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