9/14/26: Houthis Take New Strait, Lebron James Gambling Ads, Midterms

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Previously titled “9/14/26: Houthis Take New Strait, Lebron Games Gambling Ads, Midterms” — renamed by the publisher on Sep 15, 2026

Breaking Points with Krystal and Saagar 40 min 5 speakers 8 chapters transcribed 18 hours ago
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Unknown 0:00
This is an iHeart Podcast. Guaranteed human. Didn't catch the latest Roland Martin Unfiltered podcast?
Roland Martin 0:07
Here's what you missed. There should not be a single law enforcement agency that does not have body cameras. It's real. Black farmers have been under attack. This is just the latest example of them just slapping DEI on anything. It's raw. And I'm sitting here going, they are playing y'all for fools.
Unknown 0:24
Catch Roland Martin's daily commentary on the Black Information Network. And download Roland Martin Unfiltered on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
Krystal Ball 0:36
Hey guys, Ready or Not 2024 is here and we here at Breaking Points are already thinking of ways we can up our game for this critical election.
Saagar Enjeti 0:44
We rely on our premium subs to expand coverage, upgrade the studio, add staff, give you guys the best independent coverage that is possible. If you like what we're all about, it just means the absolute world to have your support. But enough with that, let's get to the show. Turning now to the Houthis and the shocking developments in the Middle East, let's go ahead and start with some of the video that's come out of Yemen, where you can see Houthi forces that are seizing U.S. military assets that were sold or given to Saudi Arabia. Here you see similar, I mean, a lot of these guys walking around in sandals, the AK-47s, hanging out on the beach, marching down the street. All of this would all be funny if it were not dramatically funded by the United States, the Saudi military, a total and complete collapse that has been accompanied by a huge strategic disaster for Saudi Arabia and for the U.S., which is total seizure and control now of the Bab al-Mandeb Strait.
Saagar Enjeti 1:44
Let's put C2 up there on the screen. It has now been completely confirmed by Red Sea nations watch as Houthi sees the entire Bab al-Mandeb Strait. It is an economic bottleneck now for Egypt, security risks for Sudan, for Somalia, and leverage for Eritrea, for Djibouti. You have a lot of African nations where this has dramatically changed the maritime bottleneck, effectively giving them veto power over whatever they want. This comes on the heels of a genuine shocking situation for Saudi Arabia because it's not the fact that their forces, back forces, collapse in Yemen. It's that this is combined now with the damage to the east-west pipeline. Let's go ahead and put C4, please, on the screen just to show you all initial estimates coming out.
Saagar Enjeti 2:31
4% of the entire global oil supply is now taken off of this Saudi pipeline. This already happened after Saudi Arabia admitted it had exported less oil than at any time since 1990. And they say they will run out of oil stocks for exports if it doesn't restart major pipeline within days. The current estimate that is coming out of Saudi Arabia is apparently weeks for this pipeline, which means that they will have to dial down the amount they pump out of the ground, which is very, very difficult to start back up. Obviously, a lot going on, but you have initial damage previously to Aramco, to the pipeline. I mean, this is a genuine choke point which is happening, and all of it is reflected in the current price of oil as we are currently recording
Saagar Enjeti 3:20
it's running $109 a barrel at Brent crude. Uh, let's see where we at in terms of our national average $4 and 31 cents a gallon. So up 30 cents already just in the last like two weeks or so. And diesel right.
Oh my God.
Saagar Enjeti 3:34
Current average diesel, six 23 a gallon. It was $6 last week. It'll be seven. It'll be seven pretty soon.
Krystal Ball 3:40
Yeah. Wow, that is extraordinarily dire. And it does feel like, you know, there's that, who is it that has the famous quote, the market will remain irrational longer than
Saagar Enjeti 3:49
you can
Krystal Ball 3:49
stay solvent?
Saagar Enjeti 3:50
I think it's an apocryphal one.
Krystal Ball 3:51
Anyway,
Saagar Enjeti 3:52
you
Krystal Ball 3:52
know, and it has felt a bit like that because we've been watching the, even with more oil and gas getting out of the Strait of Hormuz, it's still not what it was. So, of course, for a long time, we've been talking to Rory, like, what is going on here? How come the market is not reacting more?

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