U.S. strikes Iran and Houthis threaten Saudi Arabia shipping as mediators push 10-day ceasefire

U.S. strikes Iran and Houthis threaten Saudi Arabia shipping as mediators push 10-day ceasefire - CNBC
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U.S. strikes Iran and Houthis threaten Saudi Arabia shipping as mediators push 10-day ceasefire

- 4 min read - Source: CNBC
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completed a fresh round of strikes against Iran on Monday evening as Yemen's Iran-backed Houthis threatened to impose a naval blockade on Saudi Arabia,...

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  • completed a fresh round of strikes against Iran on Monday evening as Yemen's Iran-backed Houthis threatened to impose a naval blockade on Saudi Arabia, potentially opening a new front in the Middle East conflict.
  • Central Command said overnight that it had carried out another round of strikes on Iran at 9 p.m.
  • Centcom forces, the statement said, had facilitated the transit of around 900 commercial vessels and 450 million barrels of crude oil through the strait since early May.
  • Iran, meanwhile, attacked a tanker in the Strait of Hormuz early Tuesday, forcing its crew to abandon the vessel as it seeks to tighten its control over the waterway, one that typically handles around 20% of the world's oil traffic.

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U.S. strikes Iran and Houthis threaten Saudi Arabia shipping as mediators push 10-day ceasefire
U.S. strikes Iran and Houthis threaten Saudi Arabia shipping as mediators push 10-day ceasefire

completed a fresh round of strikes against Iran on Monday evening as Yemen's Iran-backed Houthis threatened to impose a naval blockade on Saudi Arabia, potentially opening a new front in the Middle East conflict. Central Command said overnight that it had carried out another round of strikes on Iran at 9 p.m. Centcom forces, the statement said, had facilitated the transit of around 900 commercial vessels and 450 million barrels of crude oil through the strait since early May. Iran, meanwhile, attacked a tanker in the Strait of Hormuz early Tuesday, forcing its crew to abandon the vessel as it seeks to tighten its control over the waterway, one that typically handles around 20% of the world's oil traffic. The Saudi-led coalition in Yemen said that it would respond to the Houthis naval blockade with force, reportedly describing such threats as "a blatant violation of international law." 10-day ceasefire 'won't be an easy task' Oil prices rose briefly on news of the Houthi statement but later pared gains as energy market participants closely monitored the prospect of a diplomatic breakthrough. Saudi Arabia oil risk Jorge León, senior vice president and head of geopolitical analysis...

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