The conflict in Yemen has taken a new turn, with rumors of a planned Saudi attack on the Houthi rebels. A key Houthi leader reportedly warned that such an attack could have far-reaching consequences, including the closure of a critical shipping route and a significant increase in oil prices.
The Bab al-Mandab Strait, a key waterway in the Red Sea, could potentially be closed in the event of a Saudi attack, according to a Houthi leader's statement. This would have significant implications for global trade and the price of oil, potentially leading to a rise to $200 per barrel.
The United States has expressed support for Saudi Arabia in the conflict, with a State Department spokesperson stating that the US stands firmly with the Kingdom against Iranian aggression. The US also reaffirmed its commitment to regional stability and security, as well as its efforts to counter Iran-backed terrorist groups in Yemen.
The Administration's National Security Strategy prioritizes ensuring freedom of navigation in the Red Sea and preventing the export of terrorism. The US continues to actively enforce the designation of the Houthis as a Foreign Terrorist Organization and condemns Iran's support for the Houthi rebels, who threaten US interests in the region.
