Crisis in Yemen Could Have Consequences for Texas

Loren Steffy, contributing writer for Forbes, explains how Yemen’s geography is impacting oil prices.

By Rhonda FanningMarch 30, 2015 7:46 am|

The crisis in Yemen is playing out as a regional power struggle between Sunnis and Shias, with some of the regions’ biggest players engaged in direct military action–including Saudi Arabia, Egypt and their allies. Iran is backing the rebels, hence the perception of a proxy war.

But the perception in the energy capitol of the world is slightly different. From the shale fields of west Texas to the boardrooms of Houston and Irving, what happens in Yemen could very much affect bottom lines here.

Loren Steffy, contributing writer for Forbes, joins the Texas Standard on Monday.