The Bab el‑Mandeb is a critical maritime chokepoint for Asia‑Europe trade via the Suez Canal. It also serves the Suez‑Mediterranean oil pipeline along Egypt’s Red Sea coast and is a major corridor for Russian oil and other Asia‑bound cargoes. A disruption forcing vessels to reroute around the Cape of Good Hope would add several weeks to voyages and materially raise transport costs.

美伊冲突升级推升布油期货突破100美元，美油空头占比现达80%，面临情绪反转临界点。白银多头占比持续数日高于90%；美股连续走弱，但三大指数多头情绪仍维持六成以上。欢迎前往“数据库-嘉盛市场晴雨表”查看并订阅（数据每10分钟更新1次）

Barclays says Saudi Aramco’s operating cash flow could increase roughly 30% by 2030. Barclays estimates gas development will add about $12–15bn of incremental cash flow, downstream improvements could contribute up to $10bn, and higher oil and gas output will add further cash. At 2025 oil prices, each 1m bpd increase in crude production is estimated to generate roughly $11–12bn of cash flow; Aramco has the potential to raise output by 2m bpd (≈$22–24bn).