The Financial News

The Financial News

Houthi gains in Yemen, attack on Saudi pipeline compound pressure on oil markets


Yemen’s Houthi rebels seized more islands in the strategically crucial Bab al-Mandab Strait and now control the west coast of the country. This comes as a crucial pipeline in Saudi Arabia will be out of commission for weeks. Ali Rogin discussed the latest with Michael Ratney, the U.S. ambassador to Saudi Arabia during the Biden administration.

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