As the richest Arab country, the huge foreign exchange reserves are basically US dollars and US Treasury bonds, which can basically be regarded as the largest money bag and oil barrel in the United States. Its military status is equivalent to the funny Italy of the European Union, and its influence in the Middle East mainly indirectly affects the education and religious investment of all Arab countries.
The attack by Houthi forces stopped half of Saudi Arabia's oil production, which means that it will affect nearly 5 million barrels of oil production every day, accounting for about 5% of the world's daily output. According to industry insiders, the attack on Saudi oil facilities will affect the expectations of a large number of market participants. It is inevitable that the international oil price will fluctuate violently in the short term. If the loss is too large, affecting the balance between supply and demand, crude oil futures prices will rise, whether it will form a trend, it needs to be verified.
High oil prices have different effects on countries all over the world. The impact of high oil prices is also reflected in financial markets. With the sharp rise in oil prices, the dollar price may continue to fall. High oil prices have different effects on countries all over the world. For oil resource countries, producing countries and transit countries, the sharp rise in international oil prices is a favorable factor to enhance national strength. For oil consuming countries, every time the oil price rises by 1 USD, the production cost will rise sharply.