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Given that Houthi leaders have said any US attack would not go without a response, West Texas Intermediate could rise above $75 a barrel and Brent could surpass $80. Saxo Capital Markets
Since 12 January 2024, the United States of America and the United Kingdom, with support from Australia, Bahrain, Canada, Denmark, the Netherlands, and New Zealand, [13] have launched a series of cruise missile and airstrikes, codenamed Operation Poseidon Archer, against the Houthi movement (Ansar Allah) in Yemen in response to Houthi attacks on ships in the Red Sea. [14]
Southbound traffic - at 2.9 million bpd in 2023 to date - comprises crude flows, mainly from Russia to Asian customers, and also refined products naphtha and fuel oil, he added.
In 2019, roughly 5% of world oil supply was briefly knocked offline in a large-scale drone attack on Saudi oil facilities. “Once you start hitting facilities on land in Yemen, that is taking ...
20 April – A child is killed by an explosion of a leftover US-Saudi cluster bomb in Sirwah District, Marib Governorate. [25] 29 April – Six soldiers of the Southern Transitional Council are killed and 11 others injured in a bomb attack on their vehicle in Mudiyah District, Abyan Governorate. The attack is blamed on al-Qaeda in the Arabian ...
Russia and China on Wednesday accused the United States and Britain of illegally attacking military sites used by Yemen’s Houthi rebels to launch missiles at commercial vessels in the Red Sea ...
Despite the instigation in November 2023 of Houthi attacks on merchant ships, by January 2024 most oil tankers had continued traversing the Red Sea, with the significant exception of QatarEnergy. [ 5 ] [ 6 ] While sailing to Singapore from Egypt [ 7 ] the tanker, carrying Russian naphtha purchased below the price cap , [ 8 ] was struck by an ...
Iran-backed Houthi militants on Saturday hit a Panamanian-flagged oil tanker off Yemen's Red Sea coast with an anti-ship missile but the crew was able to restore power and maintain course, the U.S ...