Expectations of a global oil price rise and a decline in investment in Saudi Arabia after severe warnings from Sana’a

The situation in the region has entered a phase of uncertainty with escalating tensions between Sana’a and Riyadh due to the latter’s participation in the US-British aggression against Yemen by exerting economic pressure on the Yemeni people to force them to stop supporting Gaza.

Exclusive – Al-Khabar Al-Yemeni:

While the Sana’a leadership had warned in the past weeks and given Riyadh time after time to back down from its position, its insistence on continuing its stance has pushed the region into a high level of tension. The leader of the Ansar Allah movement, Abdul-Malik Al-Houthi, declared in a decisive speech on Sunday that they will not stand idly by in the face of Saudi steps, stating that they have previously sent warnings and advice, but the Saudis are procrastinating and getting more involved with the Americans.

Al-Houthi said, “We will consider our actions in confronting their aggression as part of our battle against the Americans. What they are doing serves Israel, obeys America, and is part of the battle with America. Therefore, in such a situation, we will not stand and watch our people die of hunger and witness the collapse of our economy more than it already is.”

Al-Houthi established new rules of engagement with Saudi Arabia, stating, “We will respond in kind to every step: Riyadh Airport with Sana’a Airport, banks with banks, and ports with port. We will never accept from you to take an aggressive, criminal, foolish, or stupid direction. No one does such things anywhere in the world.”

He emphasized that if Saudi Arabia proceeds with the worst, its interests will be in danger in terms of security and stability, and its oil reserves and economic capabilities will be affected.

This speech by the leader of Ansar Allah coincided with the announcement of maximum preparedness by the Ministry of Defense and the General Staff in Sana’a, awaiting directives to implement measures that would make Saudi Arabia regret missing out on opportunities for peace, according to a joint message from the Minister of Defense and the Chief of Staff directed to Al-Houthi.

The war media of the Sana’a forces published coordinates of sensitive and important initial targets, including several strategic Saudi airports, oil export ports, and the Saudi Central Bank.

As Saudi Arabia continues its actions of closing Sana’a Airport and imposing sanctions on Yemeni banks, the oil market and the investment community anxiously anticipate the outcome of the situation, as war appears more likely than ever and could erupt at any moment.

The World Bank had previously warned in reports of a record rise in oil prices if the Gaza battle expanded to include Saudi Arabia, which holds the world’s largest energy reserves.

Source link