Oil prices fall for third day as Saudi supply disruption fears ease

For three consecutive days, oil prices have quietly retreated — not because the danger has passed, but because markets have chosen to believe it will not deepen. Houthi forces continue striking at the arteries of Red Sea commerce, yet traders are wagering that Saudi Arabia's vast production machinery is resilient enough to absorb the pressure without fracturing. It is a moment that reveals how much of global energy pricing rests not on facts alone, but on collective confidence — and how swiftly that confidence can be undone.