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IndiaTimes of India ·

Oil prices ease slightly as G7 and Middle East crude supplies set to hit market

Oil prices saw a modest decline as fresh shipments from the Middle East hit the market. The G7's move to tap into emergency reserves reflects growing energy apprehensions. Nevertheless, the crude oil market stays turbulent, as conflicts in the Gulf region persist. Notably, Yemen's Saudi-backed government has initiated a military operation against the Houthis, further complicating the situation. This evolving landscape continues to impact global energy supplies and market pricing.

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IndiaTimes of India ·

Saudi-backed govt launches military drive to retake Houthi-held territory

In a bold move to reclaim territory from the Houthis, Yemeni President Rashad al-Alimi has announced new military operations. These efforts focus on consolidating state authority throughout Yemen, especially around the besieged city of Taiz, where access routes have been blocked. As tensions rise, Saudi Arabia's involvement has intensified with missile strikes, further threatening both regional stability and the global oil market.

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