The Aporia
In late October 2021, Houthi rebels in Yemen launched a series of attacks on Saudi Arabia, including missile strikes on the King Khalid International Airport in Riyadh that killed at least 18 people and injured over 300. Following these attacks, U.S. President Donald Trump indicated he was considering whether to join Saudi Arabia in military action against the Houthi rebels, who are backed by Iran. The surge in violence has heightened tensions and raised concerns about potential disruptions to global oil supplies through the Persian Gulf.
International energy bosses were largely absent from this week’s World Petroleum Council Energy Congress, held in Riyadh for the first time, after the Houthi attack.
Long relegated to minor roles, the Gulf energy companies increasingly see international energy firms and global investors as an integral part of their plans to lock in customers for their hydrocarbon exports, invest in their infrastructure, and bind other states into their security in a way that the old expectations of oil for security arrangements have failed to guarantee.
Martin, M. (2026, October 13). Saudi attacks shake the confidence of foreign investors. Semafor. https://www.semafor.com/article/10/13/2026/saudi-attacks-shake-the-confidence-of-foreign-investors
Martin, Matthew. “Saudi attacks shake the confidence of foreign investors.” Semafor, 13 Oct. 2026, https://www.semafor.com/article/10/13/2026/saudi-attacks-shake-the-confidence-of-foreign-investors.
Martin, Matthew. “Saudi attacks shake the confidence of foreign investors.” Semafor, October 13, 2026. https://www.semafor.com/article/10/13/2026/saudi-attacks-shake-the-confidence-of-foreign-investors.
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