# The risk of flashpoints escalate for global oil supply

> Gulf News commentary argues that the oil market is underreacting to shipping risks around the Arabian Peninsula. It cites Houthi attacks on Saudi tankers near Hodeida and the suspension of Bab al-Mandab shipments, plus Iranian threats over the Strait of Hormuz. The piece notes reports that Kuwait and the UAE are considering similar suspensions.

- Date: 2018-07-29 · published 2018-07-29T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/63934-the-risk-of-flashpoints-escalate-for-global-oil-supply
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Possible spread of shipping suspensions to other Gulf exporters would remove more crude from transit and could lift prices. The market may be underpricing this risk, leaving room for upside.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-01 | [How the Iran War Is Disrupting Global Oil and Gas Supply](https://feedsoft.ai/events/20364-how-the-iran-war-is-disrupting-global-oil-and-gas-supply.md) | -12.2% | -1.1% |
| BRENT | 2024-11-21 | [Oil rises 2% on supply worries as Russia-Ukraine war escalates](https://feedsoft.ai/events/27585-oil-rises-2-on-supply-worries-as-russia-ukraine-war-escalates.md) | -0.3% | +0.6% |
| BRENT | 2022-01-25 | [Oil rises on concerns global political risks could tighten supplies](https://feedsoft.ai/events/43293-oil-rises-on-concerns-global-political-risks-could-tighten-supplies.md) | +5.5% | +10.6% |
| BRENT | 2018-06-27 | [Oil rises on supply losses, US push to isolate Iran](https://feedsoft.ai/events/8779-oil-rises-on-supply-losses-us-push-to-isolate-iran.md) | +2.5% | -1.9% |
| BRENT | 2019-09-19 | [Oil prices rise as Saudi supply risks come into focus](https://feedsoft.ai/events/57239-oil-prices-rise-as-saudi-supply-risks-come-into-focus.md) | -2.4% | -7.2% |
| WTI | 2026-04-01 | [How the Iran War Is Disrupting Global Oil and Gas Supply](https://feedsoft.ai/events/20364-how-the-iran-war-is-disrupting-global-oil-and-gas-supply.md) | -6.6% | +6.7% |
| WTI | 2024-11-21 | [Oil rises 2% on supply worries as Russia-Ukraine war escalates](https://feedsoft.ai/events/27585-oil-rises-2-on-supply-worries-as-russia-ukraine-war-escalates.md) | -0.3% | +1.3% |
| WTI | 2022-01-25 | [Oil rises on concerns global political risks could tighten supplies](https://feedsoft.ai/events/43293-oil-rises-on-concerns-global-political-risks-could-tighten-supplies.md) | +5.6% | +9.6% |

## Sources

- gulfnews.com: https://gulfnews.com/business/energy/the-risk-of-flashpoints-escalate-for-global-oil-supply-1.2258420

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.