Yemen

On August 24, 2026, Yemen’s Houthi forces struck the Saudi-flagged oil tanker Amzan with ballistic missiles and drones off Yanbu, a major Saudi oil terminal in the Red Sea, causing a fire. The attack, part of a “blockade for blockade” campaign, demonstrates Houthi ability to strike over 600 miles from their territory, threatening regional energy infrastructure and maritime security. No casualties were reported, and the UK Maritime Trade Operations confirmed the incident. The Houthis also claimed attacks on Saudi military convoys.

4 reports · 3 sources · Updated Aug 24, 08:00 PM UTC

On August 5, 2026, Yemen’s Iran-aligned Houthis claimed ballistic missile strikes on two Saudi oil tankers—the Wafaa in the northern Red Sea off Yanbu and the Daisy in the Gulf of Aden—marking the eighth and ninth such attacks since imposing a maritime blockade on Saudi Arabia. The strikes, tied to Saudi rerouting of exports northward to avoid the Bab el-Mandeb Strait amid Iran’s parallel blockade of the Strait of Hormuz, caused sharp drops in shipping traffic through both straits. Saudi authorities have not confirmed the attacks.

6 reports · 2 sources · Updated Aug 17, 04:48 PM UTC

On August 6-7, 2026, Houthi rebels launched one of their largest attacks in years, using ballistic missiles and drones against Saudi-aligned Yemeni forces in Marib and Hadhramaut, killing at least 30 troops and wounding 50. Simultaneously, they struck Saudi Arabia’s Najran region, injuring 11 civilians, and targeted Abha International Airport. The escalation, which also included a naval blockade threat at Bab al-Mandab, breaks a de facto truce since 2022 and risks reigniting full-scale civil war.

9 reports · 5 sources · Updated Aug 11, 02:45 PM UTC

On August 4, 2026, the Indian-flagged merchant vessel MSV Faize Noore Oliya was attacked and sunk in the Red Sea off Yemen, near Hodeidah. All 14 crew members (13 Indians and one Yemeni) were rescued by Yemeni authorities. India condemned the attack, which Yemen’s government blamed on Iran-backed Houthi militants. The incident is part of an escalating Houthi campaign against Red Sea shipping, disrupting global trade and raising security concerns amid broader regional conflict.

9 reports · 4 sources · Updated Aug 8, 05:22 PM UTC

The Iran-aligned Houthi militia announced a maritime embargo on Saudi oil shipments through the Red Sea, threatening attacks on vessels at Saudi ports and near the Bab el-Mandeb Strait. Multiple tankers and a vehicle carrier reversed course, and traffic through the strait dropped by roughly a third. The EU naval force Aspides advised ships linked to US, Israeli, or Saudi interests to avoid the area. Analysts warn the blockade could disrupt global oil markets, with about 6.2 million barrels of oil transiting daily and oil prices already surging.

17 reports · 8 sources · Updated Jul 31, 11:30 AM UTC

Global oil prices surged past $105 per barrel after US President Donald Trump rejected Iran’s peace proposal, labeling it unacceptable. The diplomatic breakdown has intensified fears of prolonged conflict and supply disruptions, particularly with the Strait of Hormuz largely closed. Saudi Aramco reported significant weekly oil losses due to the blockade. While equity markets remained mixed, energy volatility heightened concerns over global economic stability. The situation underscores the fragility of Middle East security, with analysts warning of further price hikes if the ceasefire completely collapses and shipping routes remain obstructed.

346 reports · 45 sources · Updated Jul 29, 07:05 PM UTC

On July 20-21, 2026, Iran-backed Houthi rebels in Yemen declared an immediate maritime embargo against Saudi Arabia, threatening to close the Bab el-Mandeb Strait—a critical chokepoint for global oil trade. The blockade, retaliation for a Saudi-led siege on Yemen and an attack on Sanaa airport, escalates the ongoing U.S.-Iran war. It threatens Saudi oil exports via the Red Sea port of Yanbu, already strained by Iran’s closure of the Strait of Hormuz. Tankers carrying Saudi crude have turned back, and global oil markets face severe supply disruptions.

48 reports · 14 sources · Updated Jul 29, 05:36 PM UTC

Yemen’s Houthi rebels escalated the Middle East conflict by threatening shipping companies and striking Saudi oil tankers in the Red Sea, forcing reroutes and pushing Brent crude above $98 per barrel. Saudi Aramco shipped record volumes from Yanbu port to preempt disruptions. Two tankers reversed course to avoid Houthi drones and missiles. The attacks, linked to the Israel-Hamas war, threaten global energy supply through the Bab el-Mandeb Strait, with oil prices rising nearly 20% in two weeks.

30 reports · 9 sources · Updated Jul 31, 06:59 PM UTC

On July 27-28, 2026, Iran-backed Houthi rebels and Iraqi militias launched coordinated drone and missile attacks targeting Saudi Arabia, including oil facilities in the Eastern Province and Riyadh. The strikes were retaliation for Saudi-led coalition airstrikes on Yemen’s Hodeida. Saudi forces intercepted most projectiles, with no immediate casualties reported. The escalation threatens a 2022 truce and widens the US-Iran conflict, drawing in Jordan and Israel, which also intercepted drones.

7 reports · 5 sources · Updated Aug 7, 06:38 AM UTC

Singapore's Ministry of Foreign Affairs (MFA) issued a statement condemning recent Houthi attacks on Saudi Arabia. The spokesperson urged all parties to exercise restraint and avoid actions that could further escalate tensions. The article notes that the US-Iran war could affect the Bab al-Mandab Strait in the Red Sea, a major shipping route, and reignite Yemen's civil war. The statement reflects Singapore's concern over regional stability and the potential impact on global maritime security.

1 reports · 1 sources · Updated Jul 27, 12:57 AM UTC

The Middle East faces a renewed regional crisis as the fragile peace in Yemen collapses. In mid-July 2026, Iran orchestrated a clandestine flight transporting 10-21 IRGC commanders and advanced missile/drone components to Houthi-controlled Hodeidah. In retaliation for a Saudi-backed attack on Sanaa airport, Houthi forces declared a maritime embargo against Saudi Arabia, launched missiles and drones at two Saudi oil tankers in the Red Sea, and targeted Abha International Airport. This escalation, linked to broader US-Iran tensions, threatens global energy markets, worsens the humanitarian catastrophe in Yemen, and risks redrawing Arabian Peninsula security. Western analysts assess the IRGC mission is to enhance Houthi operational capabilities.

1 reports · 1 sources · Updated Jul 25, 04:04 AM UTC

The Saudi-led military coalition launched airstrikes on Houthi targets in Yemen's Hudaida province following an attack on a Saudi-flagged ship in the Red Sea. Coalition spokesman Turki al-Maliki accused the Iran-backed Houthi militia of 'maritime terrorism' and stated the strikes hit 'legitimate military targets' linked to threats against shipping, while the port of Hudaida was not targeted. Residents reported explosions, flames, and thick smoke near the port. Houthi-affiliated media said facilities of a state telecom company and the island of Kamaran were hit. The attack on the ship 'NCC Masa' caused slight hull damage, following a previous attack on the oil tanker 'Encelia' that caused a fire. The Houthis had announced a 'blockade' on Saudi ships days earlier. US President Donald Trump threatened severe retaliation against the Houthis and Iran if further attacks occur. The conflict, rooted in Yemen's civil war since 2014, has seen a fragile 2022 ceasefire with ongoing skirmishes.

1 reports · 1 sources · Updated Jul 24, 11:16 PM UTC

Abu Dhabi National Oil Company (ADNOC) has issued its seventh crude oil tender since early June, offering millions of barrels for loading between August and October from UAE ports including Zirku, Das Island, and Fujairah, as well as via ship-to-ship transfers offshore Fujairah or Malaysia. The tender proceeds despite renewed threats to supply from the Strait of Hormuz and new shipping risks in the Red Sea from Iran-aligned Houthis in Yemen. ADNOC has sold over 74 million barrels in previous tenders since June, utilizing shuttle services and dark-mode tanker operations to bypass the Strait of Hormuz blockade. The UAE's crude production surged to a record 4.1 million barrels per day in June after leaving OPEC effective May 1, up from 3.3 million bpd in May. ADNOC will automatically reject discounted bids in this tender.

1 reports · 1 sources · Updated Jul 24, 02:30 PM UTC

On Thursday, only one oil tanker transited the Strait of Hormuz, the lowest daily count since May 7, as escalating war risks pushed crude oil prices above $100 per barrel. According to Kpler vessel-tracking data cited by Reuters, three tankers crossed on Wednesday, but that number collapsed to one on Thursday. The supertanker New Giant, carrying approximately 2 million barrels of Iraqi Basrah crude, exited the strait en route to China's Rizhao port. No inbound transits into the Persian Gulf were recorded. Meanwhile, traffic at the Bab el-Mandeb Strait remained relatively high despite ongoing Houthi attacks, though some tankers diverted north toward the Suez Canal to avoid threats. Saudi Aramco has begun offering crude loadings at Egypt's Sidi Kerir port on the Mediterranean. ING commodity analysts warned that further escalation in the Persian Gulf and widening conflict put significant oil supply at risk, citing Houthi attacks on Saudi tankers and renewed US threats against Iran.

1 reports · 1 sources · Updated Jul 24, 12:30 PM UTC

Between June 23 and July 2, 2026, the Indian rupee experienced significant volatility against the U.S. dollar, oscillating between 94.54 and 95.16. The currency was pressured by a strong dollar, hawkish Federal Reserve signals, and foreign investor outflows, but supported by falling crude oil prices and renewed foreign bond inflows. Geopolitical tensions flared after US-Iran military exchanges, including Iranian drone attacks on Bahrain and Kuwait, disrupting peace talks and denting risk appetite. Domestic equity markets also fluctuated, reflecting the uncertain global environment.

36 reports · 1 sources · Updated Jul 29, 12:14 PM UTC

Chinese refiners have purchased all crude oil cargoes scheduled to load from Russia's Far East port of Kozmino in August, weeks earlier than usual, as escalating Middle East supply risks drive a scramble for alternatives. The rush for Russia's ESPO blend has narrowed its discount to Brent crude from $3-4 per barrel to just $1. The surge in demand follows renewed hostilities in the Middle East, including Iranian attacks on vessels in the Strait of Hormuz, U.S. strikes on Iranian targets, and Houthi attacks on tankers in the Bab el-Mandeb Strait. The Strait of Hormuz is once again closed, paralyzing Persian Gulf oil flows. Brent crude prices have hit $100 per barrel amid the deepening supply crisis. Chinese buyers, who typically wait until late in the month for next month's Russian cargoes, are now stockpiling due to the short one-week transit time from Kozmino to China's east coast.

1 reports · 1 sources · Updated Jul 24, 09:45 AM UTC

Pakistan has vowed swift retaliation against any hostile act targeting its flagged or commercial vessels in the Red Sea, warning such actions would be treated as grave threats to national security. The statement from Foreign Office Spokesperson Tahir Andrabi came after Yemen's Iran-backed Houthi rebels attacked Saudi oil tankers in the Red Sea. Andrabi condemned the Houthi threats against Saudi Arabia and commercial shipping, while reiterating Pakistan's commitment to bilateral defence agreements with Saudi Arabia. Separately, the spokesperson strongly rejected Amnesty International's report alleging Pakistani strikes in Kabul, calling it baseless. He also expressed disappointment over an EU report on Pakistan's compliance under the GSP+ trade preference scheme, arguing it understates reforms since 2014.

1 reports · 1 sources · Updated Jul 24, 06:23 AM UTC

Stock markets rose on Friday as Brent crude oil fell 4.1% to $96.63 per barrel, retreating from two-month highs after Houthi attacks on Saudi tankers had pushed prices to $100. The attacks prompted US President Donald Trump to threaten Iran with 'major military punishment,' holding Tehran responsible for the militia's actions. The US continued airstrikes on Iran for a 12th consecutive night. Meanwhile, Trump imposed a new wave of tariffs on 60 trading partners, including the UK, China, and the EU, with duties ranging from 10% to 12.5%, replacing a previous blanket 10% tariff. The Supreme Court had ruled many earlier tariffs illegal. In the UK, retail sales rose 1% in warm weather, boosting high street prospects, though rising oil prices threaten cost-of-living relief efforts by Mayor Andy Burnham.

1 reports · 1 sources · Updated Jul 24, 05:30 AM UTC

On July 23, 2026, the U.S. House of Representatives passed a war powers resolution 214-208 to restrict President Trump's military actions against Iran. Four Republicans—Thomas Massie, Brian Fitzpatrick, Warren Davidson, and Tom Barrett—joined all Democrats in voting yes. The resolution comes amid renewed U.S.-Iran hostilities, including U.S. airstrikes and Iranian missile attacks on oil refineries and U.S. targets. Trump also threatened to expand the conflict to Yemen after Houthi attacks in the Red Sea. A similar Senate resolution, proposed by Democrat Chris Van Hollen, requires only a simple majority and may pass due to Republican absences like Mitch McConnell's hospitalization. This is the second House passage of such a measure; a previous Senate version passed but was later reversed after Trump pressure. The article questions whether the Senate will again support curbing presidential war powers.

1 reports · 1 sources · Updated Jul 23, 02:53 PM UTC

Brent crude oil prices surged past $100 per barrel following Houthi attacks on two Saudi Arabian tankers, reigniting Middle East tensions and undermining UK Prime Minister Andy Burnham's cost of living initiatives. The attacks, carried out by the Iran-backed Yemeni militia, prompted US President Donald Trump to threaten Iran with 'major military punishment' and US forces struck maritime targets overnight. The price spike mirrors levels seen in March after US-Israel strikes on Iran, and reverses gains from a June ceasefire. European natural gas futures jumped to €62/MWh, and UK gilt yields rose as markets priced in nearly three interest rate hikes over two years. Burnham's early policies—stripping VAT from energy bills, cutting business rates for pubs, and capping bus fares at £2—face funding questions, with economists warning that household costs depend heavily on Middle East developments. Former PM Keir Starmer had urged Burnham to prioritize diplomacy on international affairs.

1 reports · 1 sources · Updated Jul 23, 01:50 PM UTC

The Houthi declaration of a naval blockade on Saudi Red Sea ports threatens up to 4 million barrels per day of Saudi crude exports that were redirected from the Strait of Hormuz. This adds fresh supply risks as the Strait of Hormuz remains effectively disrupted due to U.S.-Iran tensions. Oil prices initially spiked on the renewed hostilities but later fell on peace hopes. However, analysts warn that a successful Houthi blockade of the Bab el-Mandeb Strait could significantly tighten the physical market, forcing tankers to reroute via the Suez Canal, increasing costs and voyage times. The disruption compounds other supply issues, including the suspension of Kazakhstan's CPC terminal in the Black Sea. Experts warn the combined impact could undermine the global economy and potentially trigger a recession, as strategic oil inventories are already depleted from previous releases.

1 reports · 1 sources · Updated Jul 22, 10:00 PM UTC

The Trump administration is reportedly considering military strikes against JNIM, an al-Qaeda-affiliated group in Mali, according to U.S. officials speaking to The Washington Post. This would mark the eighth country targeted by U.S. military action during Trump's second term, following Yemen, Somalia, Syria, Iran, Iraq, Nigeria, and Venezuela. The administration has also conducted 66 strikes against small watercraft in the Caribbean and eastern Pacific, killing at least 221 people in a drug interdiction effort. National Security Council senior director Sebastian Gorka is a leading advocate for the Mali operation. However, regional experts like Wassim Nasr of the Soufan Center argue that military force has failed in the Sahel, noting that French and Russian interventions have worsened the situation. Nasr recommends conflict resolution through negotiations between Mali's government and JNIM instead.

1 reports · 1 sources · Updated Jul 22, 06:31 PM UTC

U.S. President Donald Trump warned on July 22, 2026, that the U.S. will destroy one bridge or power plant each time Iran attacks a ship in the Strait of Hormuz, escalating the ongoing conflict. The U.S. carried out another wave of strikes on Iran overnight, and air defenses opened fire over Tehran. Iran launched a missile attack on the Jordanian city of Aqaba, near Israel's Eilat, raising fears of a wider war. The Strait of Hormuz, through which a fifth of global oil and gas passed during peacetime, remains largely closed due to Iranian attacks, causing global economic disruption and rising fuel prices. Benchmark Brent crude rose to around $94 per barrel. Both sides have targeted civilian infrastructure, with Iran striking energy and desalination plants in Gulf countries. UN Secretary-General Antonio Guterres decried such attacks as unacceptable. The war has cost the U.S. an estimated $37.5 billion, according to Defense Secretary Pete Hegseth.

1 reports · 1 sources · Updated Jul 22, 05:04 PM UTC

The article reports that Yemen's Houthi rebels, backed by Iran, have announced a maritime blockade on Saudi Arabia, potentially closing the Bab el-Mandeb Strait. This strait is a critical alternative export route for Saudi oil, as the Strait of Hormuz is already effectively closed by Iran. Analysts estimate the blockade could reduce global oil supplies by 7% and prevent most Saudi oil exports from leaving the region. Brent crude has already risen from $72 to $89 per barrel since early July after the US-Iran truce collapsed. The article warns that sustained high oil prices could damage economies and financial markets, citing PepsiCo's worse-than-expected Q2 results and Walmart's warning of price hikes due to soaring fuel costs. The Houthi action represents a fresh threat to global markets already strained by geopolitical tensions.

1 reports · 1 sources · Updated Jul 22, 04:21 PM UTC

Top officials from the United Arab Emirates and Saudi Arabia have publicly signaled a rapprochement after months of tension between the two largest Arab economies. On July 21, Saudi General Entertainment Authority chairman Turki Alalshikh posted a photo of Saudi Defense Minister Khaled bin Salman alongside Emirati Vice President Mansour bin Zayed, calling it a story of brotherly relations and strong partnership. UAE presidential advisor Anwar Gargash shared the same image, calling it the biggest story in the Gulf. The public falling out began in December when Saudi Arabia accused the UAE of threatening its national security by supporting Yemeni separatists. The two countries have also been at odds over policies in Sudan, the Horn of Africa, and Iran. The apparent mending of ties comes as U.S.-Iran hostilities resumed, triggering renewed Iranian attacks across the Gulf and threats from Houthi allies in Yemen. Media officials from both countries posted coordinated messages praising bilateral relations and calling for responsible media coverage.

1 reports · 1 sources · Updated Jul 22, 04:20 PM UTC

At least seven oil tankers have turned around in the Red Sea after the Iranian-allied Houthis in Yemen declared a naval blockade of the Bab al-Mandeb Strait, threatening a crucial oil shipping route. Four tankers rerouted on Wednesday, following three that turned around on Tuesday. A Chinese-operated vehicle carrier also reversed course after a Houthi warning. Iran has reportedly asked the Houthis to be ready to close the strait if the US targets Iran's power infrastructure. The Houthis have deployed missiles and drones near the strait but no attacks have been reported yet. An estimated 4.1 million barrels of petroleum products passed through the strait daily in 2024. An Iranian adviser compared Bab al-Mandeb to the Strait of Hormuz, warning that global energy and trade flows could be disrupted.

1 reports · 1 sources · Updated Jul 22, 01:42 PM UTC

This article from 24/7 Wall St. summarizes Wednesday's top Wall Street analyst research calls and market movements. It notes that 88% of early S&P 500 reporters beat Q2 estimates, fueling a broad market rally. Key stock movements include Coinbase (COIN) surging 11% on Treasury Secretary Bessent's Digital Asset Market Clarity Act news, and Coreweave (CRWV) being upgraded to Buy at Truist with a $126 target. The article also covers pre-market futures trading lower, rising Treasury yields due to oil price increases (Brent Crude at $91.34) amid U.S.-Iran tensions, gold rising 1.87% to $4,081, and crypto gains with Bitcoin surpassing $67,000. It lists analyst calls for companies including Altria, Circle Internet, Digital Ocean, IBM, Keel Infrastructure, Nebius Group, Trimble, and Vornado Realty, and promotes a free list of top 10 AI stocks from an analyst who called NVIDIA in 2010.

1 reports · 1 sources · Updated Jul 22, 12:04 PM UTC

This Financial Times article, published July 22, 2026, highlights several charitable initiatives and events. It features the Secret 7” auction in London (August 18-September 2), where 700 artist-designed record sleeves are sold to benefit War Child's work in Sudan, Yemen, Ukraine, and elsewhere. A Barcelona gallery, Sorondo, offers photographer prints for €150 donations to support Venezuelan earthquake relief (exhibition ends September 3). A Somerset House flower show (September 16-October 6) uses mannequins dressed in floral recreations of Princess Diana's iconic outfits, with up to 10% of ticket sales going to The Diana Award. Finally, the Bateekha Project at Gallery 1957 in London (exhibition September 15-17) features handmade watermelon sculptures to support mental health in Gaza.

1 reports · 1 sources · Updated Jul 22, 10:00 AM UTC

U.S. stock index futures dipped on Wednesday, pressured by weakness in chip stocks, as investors remained cautious ahead of the first batch of Big Tech earnings that could determine whether Wall Street's AI-driven rally continues. Alphabet and Tesla are the first of the 'Magnificent 7' megacap stocks to report, with Alphabet under particular scrutiny after a delay in its AI model launch. Texas Instruments slipped 1.7% in premarket trading, reflecting broader semiconductor weakness. Geopolitical risks from Middle East fighting and Houthi threats to shipping added to caution, while oil prices hovered near six-week highs. The Federal Reserve is expected to keep interest rates steady for the rest of 2026. In contrast, Super Micro Computer surged 16.8% after securing over $60 billion in new fourth-quarter orders and raising its gross margin forecast.

1 reports · 1 sources · Updated Jul 22, 09:59 AM UTC

Asian stocks made modest gains on Wednesday, supported by a strong Wall Street session but capped by caution ahead of earnings reports from Alphabet and Tesla. Oil prices rose 1.3% to $92.22 per barrel after Houthi rebels threatened to expand the Middle East conflict, causing two oil tankers carrying Saudi crude to reverse course in the Red Sea. The U.S. dollar held near a one-week high, while the yen remained weak after hitting a four-decade low. Japan's imports surged to a record high in June due to the weak yen and soaring oil prices, though exports also exceeded expectations. The U.S. Federal Reserve is expected to keep interest rates steady for the rest of 2026, though a rate hike remains possible. Gold rose 1.2% to $4,124.74, while bitcoin and ether were mostly flat.

1 reports · 1 sources · Updated Jul 22, 09:51 AM UTC