Saudi Arabia's oil exports remain resilient despite ongoing Houthi attacks, while the kingdom's defense ministers engage in military cooperation talks with Malaysia. The Houthi rebels, backed by Iran, continue their attacks on Saudi infrastructure, prompting regional responses and affecting global oil markets.
Saudi Arabia's oil exports have maintained near wartime levels, according to maritime tracking firms, despite the persistent Houthi attacks. The Saudi-led coalition intercepted a Houthi missile, as reported by the coalition. Meanwhile, Iran's foreign minister, Araghchi, stated that Tehran is in close contact with mediators to implement its seven-day plan to reopen the Hormuz Strait.
In Sana'a, a cement factory was damaged in an airstrike attributed to Saudi-backed government forces, according to Houthi media. The conflict between Houthi forces and government troops continues, with both sides exchanging strikes. The situation has led to increased volatility in global oil markets, with crude oil futures rising following the Houthi attack on a Saudi refinery.
The Houthi attacks have intensified regional tensions, prompting Egypt to approve military support for Saudi Arabia if requested. Egypt's president, Abdel Fattah el-Sisi, was sworn in for a third term, highlighting the country's strategic role in regional security. Saudi officials are also holding talks in Iran as part of broader efforts to prevent further escalation of the conflict.
The ongoing conflict in the region has significant implications for global energy markets and regional stability. As the situation evolves, diplomatic efforts and military coordination remain key elements in managing the crisis.
