Saudi Arabia Faces Houthi Attacks, Trump Refuses Military Intervention
Saudi Arabia is facing a serious strategic dilemma, having been attacked from multiple directions by Iranian-backed armed forces over the past two weeks. Last week, Saudi Crown Prince Mohammed bin Salman requested Trump to take military action against the Houthi forces, but was refused. Recently, a Saudi oil tanker was attacked in the Strait of Hormuz, resulting in the deaths of two crew members; the Houthis have expanded their operations towards the Red Sea, defeating the Saudi-backed Yemeni government forces. At the same time, Iranian-backed Iraqi militia launched drone attacks on key Saudi oil pipelines, forcing the closure of the pipeline and affecting Saudi Arabia's ability to export oil to the Red Sea, bypassing the Strait of Hormuz. Former U.S. Ambassador to Saudi Arabia Michael Ratney stated that Saudi Arabia is currently very frustrated, and the situation has evolved into its worst-case scenario. Analysts believe that Trump is unwilling to open a new front for Saudi Arabia against the Houthis due to ongoing conflicts between the U.S. and Iran, as well as pressures on naval forces and ammunition reserves. Saudi Arabia may turn to diplomatic avenues, seeking new arrangements with Iran and other Gulf countries, possibly even with China's mediation.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Trump Seeks to Dismiss Fed Governor Cook, White House Forms Investigation Committee

Judy Shelton Appointed as Advisor to U.S. Treasury Secretary

U.S. Pressure on Iran Shifts to Long-Term Strain, Oil Blockade Fails to Cut Revenue

Trump's Tax Cuts and Strategic Reserve Release Fail to Curb Oil Prices; Energy Price Pressure Before Midterm Elections Ultimately Depends on Middle East Situation

Hedge Funds Forced to Sell to Cut Losses, U.S. 10-Year Treasury Yield May Break 6%

Richard Blumenthal Investigates Relationship Between Cantor Fitzgerald and Tether

Trump Administration Halts Green Card Certification for MS and Infosys

Trump Excludes Attack on Iran Before Midterm Elections

White House Announces Over $6 Billion Science Initiative, Tech Companies Commit $2.4 Billion

Transfer of 9,261 Bitcoins from U.S. Treasuries to Coinbase Prime

Trump to Honor Tech Executives Including Musk and Huang

Chairman of the U.S. House Financial Services Committee Calls on Congress to Pass the CLARITY Act

Crypto and Stablecoins: Eric Trump Defends the Dollar King

Eric Trump: AI Stimulates Growth of Crypto

Bitcoin Faces the Shadow of the 10/10 Crash, Oil Prices Become a New Threat - Fintech World

U.S. Trade Deficit Rises to $105.6 Billion in August, Imports Hit Record High

WLFI Partners with Mesh to Integrate USD1 into Online Platforms, Launch Planned This Quarter

Trump Signs Executive Order Allowing Red-Dyed Diesel for Highway Transport

Trump Claims Strong Dollar Will Not Lead to Inflation

U.S. AI Task Force Prioritizes Technological Change

Former Governor Cuomo: U.S. Digital Asset Rules Vulnerable to Political Changes Without Congressional Legislation

Trump's $5,000 Checks Could Channel Billions into Bitcoin and Cryptocurrencies!

Crypto: Jay Clayton, the Man Who Took on Ripple, Named AI Tsar by Trump

US Withdraws Proposals for Additional Controls on Crypto Transactions

Most Investors Plan to Increase Cryptocurrency Investments

Transparency Act Stalls, But Bankers Continue Crypto Deals

CZ denies allegations of improper dealings with World Liberty Financial

U.S. Treasury Department Withdraws Two Cryptocurrency Regulation Proposals

Zscaler CEO Refutes Altman's Comments on AI Side Effects






