Yemen's Houthis Say They Targeted 3 U.S. Warships In The Red Sea
Portfolio Pulse from Benzinga Newsdesk
Yemen's Houthi forces claim to have targeted three U.S. warships in the Red Sea. This development could have implications for geopolitical stability and energy markets.
September 27, 2024 | 1:00 pm
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The targeting of U.S. warships by Yemen's Houthis in the Red Sea could lead to increased tensions in the region, potentially affecting oil supply routes and causing volatility in oil prices.
The Red Sea is a critical route for oil transportation. Any military conflict or threat in this area can lead to concerns over oil supply disruptions, which typically results in increased oil prices. This would positively impact oil-related ETFs like USO.
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