Yemen's Houthis Chief Says Group Launched 14 Operations In Red Sea, Gulf Of Aden, Arabian Sea Reaching Indian Ocean; Our Operations So Far Targeted 98 Ships
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Yemen's Houthi group has conducted 14 operations in the Red Sea, Gulf of Aden, Arabian Sea, and the Indian Ocean, targeting a total of 98 ships, according to their chief.
April 18, 2024 | 2:04 pm
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The Houthi operations targeting shipping routes could lead to disruptions in oil supply routes, potentially impacting oil prices and the United States Oil Fund (USO).
Given the strategic importance of the targeted waterways for global oil shipments, any disruption could lead to fluctuations in oil supply and demand dynamics, thereby impacting oil prices. As USO tracks the price of oil, any significant change in oil prices due to these disruptions could affect USO's performance in the short term.
CONFIDENCE 70
IMPORTANCE 80
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