Breaking News: U.S. Military Conducts 15 Strikes on Iran-Aligned Houthi Targets in Yemen - Impact on Financial Markets Revealed
In a significant development, the U.S. military has carried out 15 strikes on Friday against targets linked to Iran-aligned Houthi fighters in Yemen. Central Command, which oversees U.S. forces in the Middle East, stated that the targets were related to Houthi offensive military capabilities, without specifying the exact nature of the targets.
The strikes took place at about 1400 GMT, according to a post on X by Central Command. The Houthi fighters have been responsible for nearly 100 attacks on ships crossing the Red Sea since November, claiming to act in solidarity with Palestinians in the year-long conflict in Gaza.
Reports from Al Masirah TV and residents indicate that airstrikes were launched in various parts of Yemen, including the capital city of Sanaa and Hodeidah airport. The strikes also targeted the south of Dhamar city and the southeast of al-Bayda province, focusing on Houthi military outposts.
The Biden administration has primarily responded defensively to Houthi strikes in the Red Sea, intercepting drone and missile attacks against commercial vessels and U.S. warships. While there have been occasional strikes on Houthi military infrastructure, the administration has avoided broader targets in Yemen to mitigate the repercussions of the ongoing conflict in the region.
Analysis:
The U.S. military's actions in Yemen against Iran-aligned Houthi fighters can have significant implications for the financial markets. Any escalation of military conflict in the region could lead to increased geopolitical tensions, impacting global oil prices and market volatility. Investors should closely monitor developments in Yemen and assess their portfolios for potential risks associated with heightened military activities in the area.