Analyst warns we should be more worried about oil

An oil platform in Bahrain.
An offshore oil platform in Bahrain. Photo: Stringer/AFP/Getty Images

Here's a question hanging over oil markets: Should traders be paying more attention to geopolitical risk? A few recent analyses on the topic, spurred by escalating conflict between Saudi Arabia and Yemen's Houthi rebels (and by extension Iran), caught my eye...

The warning: "With MBS soon heading home from his US tour, the gloves may be set to come off and we believe the market should brace for further escalation," RBC Capital Markets analyst Helima Croft wrote in a note yesterday, referring to Saudi Crown Prince Mohammed bin Salman.