Houthis News & Analysis
2 articles
Market Mood
Houthis Launch Missile Strike on Israel Amid Ongoing U.S.-Israeli War
The Houthis conducted a missile strike on Israel, marking their first military action in the ongoing U.S.-Israel war against Iran, which began on February 28. The Israel Defense Forces confirmed the missile was intercepted by aerial defenses. The Bab el-Mandeb Strait, crucial for global trade, accounted for 12% of seaborne oil trade and 8% of liquefied natural gas trade in H1 2023, raising concerns about maritime traffic. Following the strike, U.S. crude oil prices rose 5.46% to $99.64 per barrel, while Brent prices increased by 4.22% to $112.57.
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Overview of the Houthis and Their Influence in Yemen
The Houthis are a militant group in Yemen, affiliated with Iran. As of October 2023, they have controlled the capital, Sana'a, since 2014 and continue to impact the ongoing conflict in Yemen, which has resulted in significant humanitarian issues. The conflict has led to over 200,000 deaths and millions being displaced. The international community continues to monitor the situation, given its implications for regional stability and international relations.
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