• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours How Far Have We Really Gotten With Alternative Energy
  • 6 hours If hydrogen is the answer, you're asking the wrong question
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 19 hours Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 4 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)

Houthis: We Will Stop Saudi Attacks If Kingdom Agrees To Stand Down In Yemen

The attacks on Saudi soil with drones and ballistic missiles will stop, the Houthis have vowed, if Saudi Arabia will stop its airstrikes over Yemen, according to Bloomberg, who quoted Yemen Shiite Houthi rebel leader Mahdi al-Mashat, who spoke on Al Masirah TV.

The Iran-backed Houthis have claimed ownership of the devastating attacks that crippled Saudi Arabia’s oil infrastructure over the weekend that took offline 5.7 million barrels per day—which is half of Saudi Arabia’s total oil production--sending oil prices sharply upward.

But the United States has largely disregarded their claim, placing the blame for the weekend attacks on Saudi’s oil facilities squarely on Iran. Both Saudi Arabia and the United States claim to have proof that Iran was the perpetrator.

If that is the case, the Houthi vow to stop the attacks is a clever capitalization on the tensions between Iran and Saudi Arabia, and Iran and the United States. The Houthis are also asking Saudi Arabia to reopen Sana’a airport, and to lift the blockade on the critical port Hodeidah.

The timing of the Houthi’s promise to halt the attacks if Saudi Arabia does follows the Saudi-led coalition’s military operation just north of Hodeida, according to Reuters, where they intercepted an unmanned Houthi bomb boat on Thursday, and carried out a strike on military targets.

“These sites are used to carry out attacks and terrorist operations that threaten shipping lines and international trade in the Bab al-Mandab Strait and the southern Red Sea,” a coalition spokesman said.

 The Houthis claimed that yesterday’s attacks chided Saudi Arabia for yesterday’s attack, saying that it violated the ceasefire agreement that was signed last year in Sweden.

Hezbollah leadership also called on Saudi Arabia and the UAE to cease its Yemen attacks, “because your houses are made of glass,” Hassan Nasrallah warned on Friday, according to the Associated Press.

ADVERTISEMENT

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Hugh Williams on September 21 2019 said:
    So far thousands of Yemenis have been killed in air attacks and many are starving or on the verge, but for the media the main issue seems to be that the Houthis are supported by Iran.
    Media morality is totally politics based which is Dishonest and Shameful.
  • Mamdouh Salameh on September 21 2019 said:
    The Houthis have demonstrated their ability and reach with last week’s devastating attacks on Saudi Aramco’s major oil facilities. Therefore, their offer to halt attacks on Saudi Arabia in return for the Saudis halting their airstrikes against them appears to be a fair offer which the Saudis could ignore at their peril.

    The Saudi war on Yemen is unwinnable. The sooner the Saudis understand this the safer their oil installations would be. Next time, the Houthis could target the Ras Tannura oil-loading terminal on the Gulf, the world’s largest. A successful strike against Ras Tannura could cripple the entire Saudi oil exports and precipitate a global oil crisis with prices rising towards $140 a barrel. The Houthis could also target Saudi oil tankers passing through the Bab el-Mandib Strait knowing full well the damage to Abqaig processing plant has deprived the petroline oil pipeline that transports Saudi oil from East to Yanbu on the Red Sea of any crude oil to transport.

    Saudi Arabia is very well advised to end the war in Yemen. This will ensure the security of its oil infrastructure and will also save the Saudi budget more than $70 bn being spent annually on the war.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London
  • John Di Laccii on September 21 2019 said:
    The biggest damage for KSA is not actually their oil production being cripled, but damaged image of a war torn country that wants to sell Aramco IPO for 2 trillions $ x 5%. Actual evaluation is only 400 billions and these attach will bring that figure even lower.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News