Turmoil in Yemen As a Long-Term Oil Market Factor
... that of the explosions that happened in 2014, with a sudden oil price spike and panic in the markets. Boots on the ground in Yemen REUTERS/Faisal Al Nasser/Pixstream Nikolay Surkov: Yemen: Between Iraq and Somalia Just like direct confrontation between Iran and Saudi Arabia over the Bab el-Mandeb strait, a possible ground operation in Yemen may seriously affect oil prices. Recent reports suggest that a decision on sending ground forces to Yemen has been made , but the exact date remains unknown. A ground operation will likely last longer than Operation Decisive Storm, may reduce production of Yemeni oil to ...