Dmitriev was surprised by oil's reaction to Houthi strikes on…
Dmitriev was surprised by oil's reaction to Houthi strikes on facilities in Saudi Arabia.
Consensus
- Kirill Dmitriev, Russia's special presidential envoy and head of RFPI, commented on the sharp decline in oil prices after Houthi attacks on Saudi Arabia's oil infrastructure.
- The price of WTI crude fell by more than 8% following the attacks.
- The attacks were carried out using drones, ballistic, and cruise missiles by the Houthi movement 'Ansar Allah'.
- Dmitriev questioned whether market manipulation was behind the price drop after a loss of approximately five million barrels per day in supply.
Points of divergence
- The Houthis claimed their attack was a response to Saudi Arabia's drone incursions into Yemeni airspace and that Saudi forces had attacked the port city of Hudaydah on July 24, hitting a Saudi ship in the Red Sea. — vedomosti
- The Houthi movement targeted two Saudi oil tankers named ENCELIA and LAYLA for attempting to break a maritime blockade. — m24
Coverage (4 sources)
- Dmitriev Surprised by Oil Market Reaction to Houthi Strikes on Saudi Arabia Targets — Вечерняя Москва
- Dmitriev surprised by oil market reaction to Houthi strikes in Saudi Arabia — Ведомости
- Dmitriev surprised by oil market reaction to Houthi strikes in Saudi Arabia — ТАСС (Telegram)
- Dmitriev admitted market manipulation due to oil crash after Saudi Arabia strike — Москва 24