Home Business Saudi Arabia and Houthis Exchange Strikes as Yemen Fighting Threatens Oil Supplies
BusinessEconomySecurityWorld

Saudi Arabia and Houthis Exchange Strikes as Yemen Fighting Threatens Oil Supplies

Share
Iran Reportedly Flew IRGC Commanders and Missile Equipment to Yemen’s Houthis
Share

Saudi Arabia and Yemen’s Iran backed Houthis exchanged fresh attacks Thursday as fighting pushed more civilians to flee across the Red Sea, raising further concerns about global oil supplies.

Houthi media reported Saudi airstrikes in Hajjah province and near Taiz, while Saudi authorities said a Yemeni man was killed by debris from an intercepted Houthi drone near Taif. More than 80 people have reportedly been wounded in previous attacks.

The conflict has also disrupted shipping. Iran’s Revolutionary Guards said a Togo flagged oil tanker caught fire after being hit while attempting to pass through the Strait of Hormuz, according to Iranian state media.

More than 100,000 Yemenis have been displaced by the latest fighting, according to the International Organization for Migration. Some civilians have crossed the Bab el Mandeb Strait by boat to reach Djibouti.

The escalation threatens two major energy routes, the Red Sea and Strait of Hormuz, at a time when oil prices remain above $100 a barrel. US President Donald Trump has also said he faces a major decision over whether to launch further attacks on Iran.

See also  Kremlin says Russia open to restarting Ukraine peace talks with US
Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Turkey remands ex-minister over investment fund scandal

A Turkish court has ordered the detention of former Family and Social...

Dangote Reveals Local Banks Charged 40% Interest on Obajana Cement Plant Loans

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has revealed...

SABER, ATEX explore digital trade opportunities for Adamawa businesses

The Small Business and Entrepreneurship Recovery (SABER) programme has highlighted its efforts...

Kyivstar Raises 2026 Outlook as Digital Business Gains Momentum

Ukraine’s largest telecommunications operator, Kyivstar, has raised its full-year 2026 financial outlook...