Why Bombing This Tiny Oil Producer Is Roiling the Energy Market
Why Yemen Is Roiling the Oil Markets
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While Yemen contributes less than 0.2 percent of global oil output, its location puts it near the center of world energy trade.
The nation shares a border with Saudi Arabia, the world’s biggest crude exporter, and sits on one side of a shipping chokepoint used by tankers heading West from the Persian Gulf. Global oil prices jumped more than 5 percent on Thursday after regional powers began bombing rebel targets in the country that produced less than Denmark in 2013.