0
0
Somaliland’s rising strategic role in #US oil and military policy
Oil bulls have finally found some relief as crude prices rallied to multi-month highs, driven by escalating tensions between Israel and Iran, which continue to trade attacks in one of the region’s most volatile periods in recent years. As of Tuesday morning, Brent crude for August delivery had surged $9 from a week earlier to reach $75 per barrel, with WTI following suit.
Prices, which had remained under pressure much of the year due to concerns over oversupply and flagging demand, are now being buoyed by the specter of widening geopolitical instability, even in the absence of major supply disruptions.
Much of the market’s anxiety centers on potential threats to the Strait of Hormuz and Red Sea shipping routes, both of which are critical chokepoints for global oil flows. Recent negotiations have aimed to reduce the risk of major disruptions, but traders remain on edge.
Amid these uncertainties, a lesser-known but strategically vital player has begun to attract growing attention: Somaliland.
oilprice.com/Geopolitics/Af…
