After a month of missile and drone attacks by Yemen's Houthi rebel group, the United States has convened a group of 10 partner nations to assist in restoring maritime security in the Red Sea - but industry players, defense experts and Houthi leaders question whether it will have the desired effect. "The American-formed coalition is to protect Israel and militarize the sea without any justification, and will not stop Yemen from continuing its legitimate operations in support
Sanaa, Yemen When Israel’s war on Gaza broke out on October 7, Saleh Abdullah, a 48-year-old supermarket owner in Sanaa, joined pro-Palestine mass protests, expressing his solidarity with the besieged enclave. It never crossed his mind that the Houthi armed group that controls Yemen’s capital and large parts of the country would intervene militarily. On October 19, a United States warship intercepted drones and missiles fired from Yemen as they were heading to Israel. Later, the Houthi group,
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Highlights Stability in Oil Prices Amid Red Sea Tensions Global Supply Dynamics Influenced by Geopolitical Events Oil Market Adapts to Red Sea Crisis and Supply Shifts Advertisement Overview Oil markets experienced minimal movement on Tuesday, despite disruptions in the Red Sea caused by Yemen’s Houthi militants. This geopolitical tension has raised questions about the future of oil prices and the impact on global maritime trade. At 07:00 GMT, February Brent crude oil is trading $78.08, up $0.13