Yemen – commercial interests always prevail

Since this post on December 20, 2023, warned readers to not trade (chase) the headlines, Shipping Rates and Oil prices have declined.

Within it, I wrote, “The global powers with economic interests will put a stop to it and the companies with a commercial interests will simply cease putting cargoes at risk.”

Now, 22 days later, we are seeing their “corrective measures”.

The notations in the attached charts point out how prices reacted from October 19, 2023 when the first missiles and drones (bound for Israel) were shot down and when activity escalated around mid-December 2023.

January 12, 2024

by Rob Zdravevski

rob@karriasset.com.au