Saudi Yemen Conflict

Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that would halt military operations on the Saudi-Yemeni border

Oil prices reverse early losses and rise to over $105 a barrel on Monday in volatile trade as supply concerns continue from the Ukraine war and the lack of clarity on Iran oil, despite expected supply boost from the release of strategic reserves by the US and the International Energy Agency (IEA).

Crude oil prices extended their losses early on Monday, after the biggest weekly fall in two years on supply hopes driven by a truce between the United Arab Emirates and the Iran-aligned Houthi group that would halt military operations on the border, alleviating some concerns about potential supply issues.

A group of U.S. senators are opposing the Biden administration's first major arms sale to the Kingdom of Saudi Arabia over Riyadh's involvement in the conflict in Yemen, three senators announced on Thursday.

A Saudi Arabia-led military coalition and its local allies launched a long-anticipated offensive on the Yemeni port city of Hodeida early Wednesday, opening a new front in the country's intractable civil conflict and raising fears for millions of civilians.

Saudi King Salman on Monday replaced top military commanders including the chief of staff, state media said, in a major shake-up of the kingdom's defence establishment.

President Donald Trump's public rebuke of Saudi Arabia this month for its role in the conflict in Yemen was an impromptu move quickly set in motion after intelligence officials presented him with images of the deepening humanitarian crisis there.

The U.S. State Department on Tuesday warned citizens to "consider the risks" when travelling to Saudi Arabia due to militant threats and the threat of ballistic missile attacks on civilians by rebels in Yemen.

Questions about the aims and temperament of Saudi Arabia's powerful crown prince came to the fore on Monday after his country issued a bellicose warning to Iran, accusing it of carrying out a missile strike on the Saudi capital that may have constituted an "act of war."

Saudi Arabia and Iran traded fierce accusations over Yemen on Monday as Riyadh said a rebel missile attack "may amount to an act of war" and Tehran accused its rival of war crimes.

A supposed ceasefire in the Yemen conflict expired a minute before midnight on Saturday after a day of heavy fighting between Saudi-backed forces and the Iran-allied Houthi movement.

A Saudi-led military coalition conducted air strikes on the Yemeni capital Sanaa on Tuesday for the first time in five months, residents said, after UN-backed peace talks to end the conflict broke down over the weekend.

Saudi Arabia intercepted a ballistic missile fired from Yemen on Monday night, the military coalition supporting the Yemeni government against rebels said.

US Secretary of State John Kerry is in Saudi Arabia for talks on the conflicts in Syria, Libya and Yemen ahead of larger meetings on those crises in Europe this week.

Saudi Arabia said on Monday it would restore ties with Iran when Tehran stopped meddling in the affairs of other countries and pledged that Riyadh would continue to work "very hard" to support bids for peace in Syria and Yemen despite the spat.

Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that would halt military operations on the Saudi-Yemeni border

Oil prices reverse early losses and rise to over $105 a barrel on Monday in volatile trade as supply concerns continue from the Ukraine war and the lack of clarity on Iran oil, despite expected supply boost from the release of strategic reserves by the US and the International Energy Agency (IEA).

Crude oil prices extended their losses early on Monday, after the biggest weekly fall in two years on supply hopes driven by a truce between the United Arab Emirates and the Iran-aligned Houthi group that would halt military operations on the border, alleviating some concerns about potential supply issues.

A group of U.S. senators are opposing the Biden administration's first major arms sale to the Kingdom of Saudi Arabia over Riyadh's involvement in the conflict in Yemen, three senators announced on Thursday.

A Saudi Arabia-led military coalition and its local allies launched a long-anticipated offensive on the Yemeni port city of Hodeida early Wednesday, opening a new front in the country's intractable civil conflict and raising fears for millions of civilians.

Saudi King Salman on Monday replaced top military commanders including the chief of staff, state media said, in a major shake-up of the kingdom's defence establishment.

President Donald Trump's public rebuke of Saudi Arabia this month for its role in the conflict in Yemen was an impromptu move quickly set in motion after intelligence officials presented him with images of the deepening humanitarian crisis there.

The U.S. State Department on Tuesday warned citizens to "consider the risks" when travelling to Saudi Arabia due to militant threats and the threat of ballistic missile attacks on civilians by rebels in Yemen.

Questions about the aims and temperament of Saudi Arabia's powerful crown prince came to the fore on Monday after his country issued a bellicose warning to Iran, accusing it of carrying out a missile strike on the Saudi capital that may have constituted an "act of war."

Saudi Arabia and Iran traded fierce accusations over Yemen on Monday as Riyadh said a rebel missile attack "may amount to an act of war" and Tehran accused its rival of war crimes.

A supposed ceasefire in the Yemen conflict expired a minute before midnight on Saturday after a day of heavy fighting between Saudi-backed forces and the Iran-allied Houthi movement.

A Saudi-led military coalition conducted air strikes on the Yemeni capital Sanaa on Tuesday for the first time in five months, residents said, after UN-backed peace talks to end the conflict broke down over the weekend.

Saudi Arabia intercepted a ballistic missile fired from Yemen on Monday night, the military coalition supporting the Yemeni government against rebels said.

US Secretary of State John Kerry is in Saudi Arabia for talks on the conflicts in Syria, Libya and Yemen ahead of larger meetings on those crises in Europe this week.

Saudi Arabia said on Monday it would restore ties with Iran when Tehran stopped meddling in the affairs of other countries and pledged that Riyadh would continue to work "very hard" to support bids for peace in Syria and Yemen despite the spat.