A major threat is brewing for international oil and commodity markets in the coming months. There has been an increase in the amount of drone and missile attacks on Saudi oil and transportation infrastructure in the last couple of years, and now it seems that threat is evolving. The Saudi ministry of defense stated that an explosive-laden boat was intercepted off the Red Sea port of Yanbu, one of Saudi Arabia’s main oil export ports. The media is still waiting on further details to emerge from Saudi Arabia, but maritime security sources stated that it would likely have involved an attack on another vessel in the area. The Houthis and other rebel groups have already been involved already in several major anti-ship attacks, but this would be the first time a remote-controlled drone boat attack has been seen. As Turki Al Maliki, Saudi defense spokesman, stated “the booby-trapped boat […]