Houthi Conflict Threatens Saudi Arabia's Economy
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The US-Iran war has reached crisis point for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman, as the Houthis started firing at the kingdom on a near-daily basis this month. The hostilities had already pushed Saudi oil production to the lowest level in decades and they now threaten to complicate the kingdom’s multi-trillion dollar plans to diversify the economy. Bloomberg's Onur Ant reports. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Fa
Tags: Commodities, Defence, Defense, EMEA, Economic, Economy, Emerging Markets, Energy, GCC, Gulf of Oman, Iran, Iran Government, Iran economy, Iran war, MBS, MENA, Maritime, Markets, Middle East, Mideast
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