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News Today: ANALYSIS: Major escalation in Yemen could trigger war - Hot News-News of the United States was founded in 1933 by David Lawrence (1888-1973), which also started the World Report in 1946. The two magazines are covering national and international news separately, but Lawrence combines them into news reports of U.S. in World and 1948 [1] and Later sold the magazine to its employees. Historically, this magazine tends to be a bit more conservative than the two main competitors, Time and Newsweek, and focus more on the story of economic, health, and education. It's also distancing news, entertainment and sports celebrities. [2] an important milestone in the history of the beginning of the magazine is including the introduction of the "Washington Whispers" column in 1934 and the column "News You Can Use" in 1952. [3] [4] in 1958, the circulation of the weekly magazine passed one million and two million in 1973. (
wikipedia) News Today: ANALYSIS: Major escalation in Yemen could trigger war - Hot News
On Wednesday last week, Iran’s proxy army in Yemen did something which must be regarded as a serious escalation of the now four-year-old war in the devastated country and which could trigger a much larger conflict involving the United States and Iran.
The Iranian-backed Ansar Allah militia (Houthis) attacked two oil-laden super tankers belonging to Saudi Arabia in the strategically important waterway Bab al-Mandeb, with Iranian C-801 or C-802 land-to-ship missiles hitting only one of the vessels near the waterline.
A statement by state-owned oil company Aramco made clear that the two super tankers carried two million barrels of oil each and that the hit caused only “minimal damage,” while no oil was spilled in the sea.
The brazen attack led to a halt of Saudi oil shipments through the twenty-kilometer-wide shipping lane where an estimated 4.8 million barrels of oil pass daily.
Saudi Arabia's Energy Minister Khalid al-Falih
made it clear that the suspension of the crude shipments would last “until the situation becomes clearer and maritime transit through Bab al-Mandeb is safe.”
The announcement immediately led to a rise of oil prices on global markets with some media predicting further disruption of oil shipments via the Bab al-Mandeb strait or the Strait of Hormuz, as Iran has recently threatened to do. This could spike oil prices “to catastrophic levels”.
“If the quantity supplied to the market is cut by 10%, the price of oil will increase by 250%,”
according to
Forbes. READ MORE
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News Today: ANALYSIS: Major escalation in Yemen could trigger war - Tennis News
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News Today: ANALYSIS: Major escalation in Yemen could trigger war - Hot News
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News Today: ANALYSIS: Major escalation in Yemen could trigger war - Hot News
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On Wednesday last week, Iran’s proxy army in Yemen did something which must be regarded as a serious escalation of the now four-year-old war in the devastated country and which could trigger a much larger conflict involving the United States and Iran.
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