The Secret Houthi-U.S. Deal That Could Push Saudi Arabia Back to Beijing

AI Summary

During the escalation of conflict in the Strait of Hormuz, Iran-backed Yemeni Houthis attacked Saudi oil infrastructure, driving up energy prices. A secret deal with the U.S. could influence Saudi Arabia's geopolitical alignment, potentially shifting its ties back towards Beijing.

Back at the start of the U.S.’s ‘Operation Epic Fury’, OilPrice.com predicted three courses of action that Iran would take as it moved through the conflict escalation gears. First, most obviously, although apparently not to President Donald Trump’s team, was to close the Strait of Hormuz to cause oil, liquefied natural gas (LNG) and refined products prices to soar -- check. Second, was to launch attacks on Saudi Arabian oil infrastructure via the Tehran-backed Yemeni Houthis to further inflate energy prices and undermine…