The author argues the Houthi capture of Mokha is part of what is driving crude and diesel prices up, because holding that position with antiship missiles creates a more credible threat of shutting the Red Sea. This supply-route risk supports higher oil prices. No specific target or timeframe is provided.
The author argues energy companies are being hit by expected demand destruction and expensive capex, since it costs more to produce the same amount of oil. Based on this view they say they are considering buying more NXT. The main risk is that demand destruction could outweigh the capex-driven supply discipline thesis.