Daily LNG price update (Yemen)

Thursday 26 March 2015

The Brent oil price took off last night as the Middle East launches a war on Yemen. As I write the price is up 4.5% at $59.06.

The war will very likely be brief and is not a major strategic threat in the region. Here are some links:

Saudi Arabia in air strikes
Ground invasion next
Iran has 30 million barrels of oil at sea

John Kemp sums up why it matters at all:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.