Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics.

Sponsored by Bridge Bank. Be bold. Venture wisely. I'm Dan Permac. On today's show, GM workers go on strike and what you can't find on TikTok.

But first, the Saudi situation.

So on Saturday, as you've probably heard by now, a series of coordinated attacks took

out around half of Saudi Arabia's oil production, representing around 5% of global capacity.

In terms of barrels, it is the single largest oil disruption in history, topping both the Iranian Revolution and the 1991 Gulf War.

Now, for the world, this matters because we could be headed toward military conflict with Iran.

You know, war.

Although no one is quite sure if President Trump's Twitter bark about being, quote, locked and loaded, has actual bite.

For the oil markets, it's a reminder of just how vulnerable

global supply really is, despite recent talk of overcapacity. It also presents an interesting

challenge for U.S. producers, particularly in the so-called shale patch, where companies have

been trying to exhibit more financial discipline by being less reactionary. Oh, and of course,

prices at the pump, expect those to go up.

Finally, there is Saudi Arabia itself, which has been planning to take its state-owned oil

company, called A Ramco, public, in what would be the largest global IPO of all time.

In just the last couple of weeks, it's picked bankers and installed new leadership, but now

Aramco is tasked with assessing the damage and trying to get those

injured facilities back online. If it does so quickly, then it's possible investors will reward

the resilience. But if not, it could give more credence to the risk factors. Either way, Aramco's

near-term performance could be worth tens of billions to Saudi Arabia in the long term. In 15

seconds, we'll go deeper with

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