WASHINGTON—This morning, the Iran-backed Houthis announced a blockade of Saudi Arabia, threatening a critical lifeline for the Gulf and global oil supplies. The announcement follows weeks of escalating rhetoric between the Houthis and Saudi Arabia, and an exchange of missiles last week that disrupted a four-year-long détente between the Yemeni group and the Saudi-led coalition…
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Yemen’s Iran-backed Houthi movement announced a blockade of the Bab el-Mandeb Strait, a vital artery for global oil trade. This strategic measure threatens to drive crude oil prices upward, creating new pressures on the world economy.
Yemen’s Iran-backed Houthi movement announced a blockade of the Bab el-Mandeb Strait, a vital artery for global oil trade. This strategic measure threatens to drive crude oil prices upward, creating new pressures on the world economy.
Yemen‘s Iranian-backed Houthi rebels on Monday announced they are imposing a maritime embargo against Saudi Arabia in retaliation for a blockade on Yemen and a recent attack on Sanaa International Airport, threatening another vital waterway for global shipping and raising fears of renewed conflict.
After airstrikes on the Sanaa Airport, the Houthis claim to have shot down a Chinese-suppliedSaudi Arabian drone using “locally made” SAMs. They have also warned commercial airlines from using Saudi airspace.