• 4 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 10 minutes IT IS FINISHED. OPEC Victorious
  • 16 minutes GOODBYE FOREIGN OIL DEPENDENCE!!
  • 2 hours Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 20 hours The Great Climate Change Swindle
  • 17 mins End of EV Subsidies?
  • 29 mins Price Decline in Chinese Solar Panels
  • 1 min Maersk's COO statment.
  • 4 hours Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 1 day S. Australia showing the way
  • 21 hours China Builds LNG Icebreaker
  • 2 hours EPA To Roll Back Carbon Rule On New Coal Plants
  • 1 day More OPEC Members May Leave
  • 1 day Exxon buys green power.
  • 2 days Not only GM: Morgan Stanley Predicts Ford to Cut 25,000 Jobs in Overhaul
  • 1 day Feudalism: The Most Resilient System?
Oil Jumps On Trump-Xi Trade Truce

Oil Jumps On Trump-Xi Trade Truce

Oil prices jumped on Monday…

Saudi-led Coalition Destroys Houthi Boats Threatening Oil Tanker

big missile

The Saudi-led Arab military coalition destroyed on Wednesday two boats of the Iran-aligned Houthi rebels threatening a commercial oil tanker in the Red Sea, the United Arab Emirates’ (UAE) state news agency WAM reports.

The UAE Armed Forces, as part of the Arab Coalition Forces, destroyed two boats of the Houthis militias who were threatening one of the commercial oil tankers in the Red Sea, while two other boats managed to escape, WAM reported, without giving details on whether the oil tanker has been damaged in the incident.

Last month, a Saudi oil tanker was targeted by the Houthi movement off Yemen’s port of Hodeidah, sustaining minor damages and completing its course north.

Yemen lies along one of the main global oil chokepoints in the Red Sea. Millions of barrels of crude oil pass Yemeni shores from the Suez Canal en route to Europe every day.

The Iran-aligned Houthi rebels, who have been fighting the Saudi-led Arab coalition in Yemen since 2015, have fired or claimed to have fired many missiles on Saudi Arabia since 2015, but they have caused little damage, and many of those missiles have been intercepted by the Saudi military.

In recent weeks, the conflict looks to have escalated, with Houthis firing ballistic missiles over Riyadh, in retaliation for air raids by a Saudi-led coalition. The Royal Saudi Air Defense intercepted at least one ballistic missile over Riyadh in that attack.

The Houthi movement has also claimed several times in the past few weeks to have fired ballistic missiles targeting Saudi Aramco oil facilities in provinces close to the border with Yemen.

The latest ballistic missile from Yemen was fired last week at an Aramco facility in the Jizan province, the latest in a string of escalating tensions between the Houthis and the Kingdom. A spokesman for the Saudi-led coalition said that Saudi air defense forces had tracked the missile, which had landed in the middle of the uninhabited desert.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
-->