interesting primary sources. but your assertion that houthi is overpriced is significantly dependent on the pricing of the saudi/uae entrance to the war being so low. such a scenario is underpriced in my view, so overall truth is in middle imo. either way some potentially interesting trades, some clear mispricing here imo. would be nice if we in usa had access to these political contracts!!!
The Saudis built a pipeline across the country to route Persian Gulf oil to the Red Sea. Looks like they may have the Houthi at bay to make it easier to get oil to Asia. If Iran proceeds with “tolls” at Hormuz, more pipelines will be built to bypass it.
interesting primary sources. but your assertion that houthi is overpriced is significantly dependent on the pricing of the saudi/uae entrance to the war being so low. such a scenario is underpriced in my view, so overall truth is in middle imo. either way some potentially interesting trades, some clear mispricing here imo. would be nice if we in usa had access to these political contracts!!!
The strait behind the strait
The Saudis built a pipeline across the country to route Persian Gulf oil to the Red Sea. Looks like they may have the Houthi at bay to make it easier to get oil to Asia. If Iran proceeds with “tolls” at Hormuz, more pipelines will be built to bypass it.