Houthis Hit Refinery in Jeddah

The Houthis have substantially improved the accuracy of their targeting and hit an Aramco refinery in Jeddah. This is bad enough, but that refinery is supplied by Aramco’s East-West pipeline which carries 5 million barrels per day. If the refinery has to shut down operations or the storage facility where the oil is kept is compromised, the pipeline shuts down as well and 5 million bpd are lost to world markets.