It is hard to see what progress the latest Yemen reorganisation is having. The general media is upbeat about the possibility of peace at long last, offsetting this is the UN who are also upbeat but have been wrong every time so far. Saudi is meant to be having meetings with the Houthis to establish a road to peace but little has been reported on this. All I have seen is an ultimatum from the Houthis saying the Saudis would need to vacate Yemen prior to any peace deal.
A possible light on the horizon is the building anger toward the Iranian government in places like Iraq, Syria and Iran itself. There is speculation about overthrowing the present governing body via a military/political coup but this would need more momentum.
The Iranians supposedly thwarted an attack on their major oil facilities without naming who the potential attacker was.
It may be, that if life for the Iranian govt is in danger, supporting satellites like the Houthis might become very difficult.
PSA Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
