Yemen's Houthis Say They Carried Out Three Military Operations In Gulf Of Aden And Indian Ocean
Portfolio Pulse from Benzinga Newsdesk
Yemen's Houthi rebels have announced the execution of three military operations in the Gulf of Aden and the Indian Ocean, according to Reuters. The specifics of these operations were not detailed, but such actions could potentially impact maritime security and trade routes in these strategic waters.
April 24, 2024 | 7:33 pm
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The United States Oil Fund (USO) could see short-term price fluctuations due to increased geopolitical tensions in the Gulf of Aden and Indian Ocean, impacting oil shipping routes.
The Gulf of Aden and the Indian Ocean are crucial routes for global oil shipments. Any threat to the security of these maritime paths, such as military operations by Yemen's Houthis, can lead to fears of supply disruptions. This uncertainty can cause short-term volatility in oil prices, which in turn affects the United States Oil Fund (USO) due to its direct correlation with oil prices.
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