Oil Extends Gains Following Houthi Strikes on Saudi Arabia
The seizures give the Houthis more leverage over Red Sea shipping routes as Saudi Arabia faces new attacks on energy infrastructure.
9 Articles
9 Articles
Houthi advance in Red Sea leads oil past $108/bbl
Oil prices rose significantly following strikes on Saudi infrastructure and ship attacks. Yemen's Houthi rebels strengthened their control over key Red Sea maritime routes. Saudi Arabia's east-west pipeline disruption impacts port inventory levels. Market analysts suggest Saudi inventories may cushion near-term export impacts.
The strategic straits of the Middle East are again at the heart of the tensions. After Ormuz, under Iranian influence, it is now Bab el-Mandeb, at the entrance of the Red Sea, who is threatened by the Houthis, supported by Tehran. Strikes in Saudi Arabia, oil pipeline hit, Riyadh response: the tension rises, while the price of the Brent exceeds 108 dollars. In Yemen, the resumption of the fighting also causes new displacements of the population …
Yemen's Iran-backed Houthi rebels have claimed responsibility for renewed attacks on neighboring Saudi Arabia, amid escalating fighting along Yemen's Red Sea coast, DPA reported. Houthi military spokesman Yahya Sari said the militia had attacked the Khamis Mushait airbase in southern Saudi Arabia with dozens of missiles and drones, hitting weapons depots, runways, hangars and other facilities. He said the attack had caused "significant losses" b…
The Demise of Saudi Arabia, and Perhaps Christian Zionism? Yemen Shocks the World by Taking Control of the Red Sea
The Iran War drastically changed at the end of last week, as Yemen's Ansarullah-led Armed Forces (Houthis) took control of the country’s western coastline, capturing key positions overlooking the Bab al-Mandab Strait, including the coastal city of Mokha and strategic islands in and around the waterway, and they are now effectively controlling traffic in the Red Sea. As far as I can tell, this was a complete surprise to everyone, especially to Sa…
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