Houthis & Chevron Corporation

Houthis: The Houthis have attacked Saudi vessels in the Red Sea, threatening another key chokepoint. This has increased supply fears.

Chevron Corporation: Reported record downstream earnings and warned of tight supplies and high prices, with expected Q3 downtime impacting earnings.

Houthis: The Houthis have attacked Saudi shipping, escalating the conflict and threatening Red Sea routes.

Chevron Corporation: Chevron reported near-quadrupled profits to $12 billion, beating estimates, with record refining margins.

Houthis: Declared naval blockade on Saudi Arabia, disrupting Red Sea shipping and contributing to supply tightness.

Chevron Corporation: Reported record downstream earnings and warned of tight supplies and high prices, with expected Q3 downtime impacting earnings.

Houthis: Iran-aligned group attacking shipping and Saudi targets; its actions disrupt Red Sea trade and complicate peace efforts.

Chevron Corporation: Oil major; its operations and profits are influenced by oil prices and regional stability.

Houthis: The Houthis>>> in Yemen is one of Iran's>>> proxies. The deal includes a commitment for Iran>>> not to interfere in the domestic affairs of countries in the region, which implicitly affects Iran's>>> support for the Houthis>>>.

Chevron Corporation: Chevron Corporation shares saw losses of close to 5% as oil prices sank due to ceasefire optimism.

Houthis: The Houthis, as Iran's allies in Yemen, have previously attacked shipping near Bab-el-Mandeb, and their potential activation could further disrupt global oil supplies.

Chevron Corporation: Chevron Corporation was represented in a meeting with Donald Trump to discuss ways to maintain the blockade while minimizing impact on American consumers.