Credit Suisse's Kavonic: Saudi Oil Field Attack Was Different

The video discusses a significant drone attack on a major Saudi oil facility, which disrupted over 5% of global oil supply. The attack's impact is compared to historical events like the Iraq-Kuwait conflict and the Iranian revolution. The market's response, including changes in Brent and WTI prices, is analyzed. The video explores potential future scenarios, including short and prolonged disruptions, and their implications for global oil prices and geopolitical risks.

What factors were previously dominating the market's focus before the geopolitical risks were highlighted?

What measures could be taken to address the shortfall in oil supply due to the disruption?