Yemeni Houthi commander says Saudi Arabia faces two options: either lift the blockade and stop its intervention or continue escalating, which will cost it a lot, Al Mayadeen reports
Newsquawk Staff ·
Yemeni Houthi commander says Saudi Arabia faces two options: either lift the blockade and stop its intervention or continue escalating, which will cost it a lot, Al Mayadeen reports.
What it means
The statement from the Yemeni Houthi commander suggests a critical escalation point in the ongoing conflict, as it presents Saudi Arabia with a stark choice regarding its blockade and military activities. This could impact energy markets, particularly WTI, as further escalation may jeopardize supply stability in the region. Traders should monitor oil prices closely, as geopolitical tensions often result in heightened volatility, potentially benefiting safe-haven assets and alternatives like gold.
Sources
- Explosions were reportedly heard in Iran's port city of Sirik, with claims that US forces struck an anti-ship missile launcher targeting vessels in the Strait of Hormuz, Israel's Channel 12 reports
- US military is reducing troop presence at bases across the Middle East, while the State Department is ordering further staff reductions at diplomatic posts amid regional threats and potential US military action against Iran, NBC News reports
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.67 LOWER AT 97.15/BBL; BRENT (X6) SETTLES USD 0.03 HIGHER AT USD 108.82/BBL
- Several explosions in southern Saudi Arabia, reports SNN citing Arabic sources
- Egyptian President says Egypt’s military involvement is strictly for defence of Saudi Arabia and does not entail an offensive against Yemen
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