Iran Is Hitting Saudi Energy Infrastructure Hard || Peter Zeihan

TL;DR

Iran successfully breached Saudi missile defenses for the first time, damaging the Jubail petrochemical complex and threatening up to 7 million barrels per day of global oil supply.

Key Points

• 1.Iran penetrated Saudi missile defenses for the first time. Seven ballistic missiles targeted Jubail; though Saudi officials claimed all were intercepted, debris (a euphemism for at least one getting through) caused significant damage to a major petrochemical complex.
• 2.Qatar and UAE's defensive munitions are already depleted, leaving them effectively open to Iranian attack. Saudi Arabia had been partially shielded by its western position, but the Jubail strike proves that protection no longer holds for its critical eastern energy corridor.
• 3.The strike threatens the world's single largest concentration of crude oil infrastructure. Jubail sits adjacent to Ras Tanura (world's largest supertanker loading facility) and Abqaiq (world's largest oil processing facility); if Abqaiq is hit, 5–7 million barrels per day could vanish from global markets for years, and the bypass pipeline to Yanbu becomes irrelevant if Abqaiq cannot feed it.