An oil lifeline is under threat, and markets have yet to price in the growing crisis

The Houthis' recent threats have put millions of barrels of Saudi oil at risk, a critical lifeline amid ongoing tensions between the U.S. and Iran. This escalation could significantly impact global energy markets, yet prices haven't fully reflected the potential crisis. The situation underscores the vulnerability of key supply routes and the broader geopolitical implications, highlighting the need for careful monitoring and strategic responses to maintain energy stability.