papertrailgeo

Riyadh does not want Israeli jets over Yemen with Israeli markings on them. The crown prince’s objection is the real story. Saudi needs the Houthis contained, not a visible Israeli footprint that hands Tehran the sectarian argument for free.

Three ships in one day is not an incident, it is a campaign. Iran figured out you do not need to close the Strait of Hormuz, you just need insurers to close it for you. Underwriters have done more to shut that strait than any missile.

5.9 billion saved is real, but it is a hedge, not a cure. The UK still imports the gas it burns on a still February night, and no wind farm reopens a closed strait.