Yemen's Houthis have warned oil companies operating in Saudi Arabia and the UAE to flee as the warring sides in the Yemen conflict failed to reach an agreement to extend the six-month truce. The constant occurrence of these threats have prompted Saudi and UAE retaliation in the region, creating a conflict of multiple interests. Houthi rebels accuse the Yemen government of siphoning $13 billion of the country’s oil funds in the last 5 years to other states and that another $180 million in looted oil left the country on a Greek oil tanker in August. The Yemen government is trying to maintain control of their assets while the UN Special Envoy calls on the parties to maintain calm and refrain from provocations or any actions that could lead to an escalation of violence.

Houthis Warn Oil Firms To Leave Saudi Arabia And The UAE

Posted On: November 10, 2022

< 1 minute read

Yemen’s Houthis have warned oil companies operating in Saudi Arabia and the UAE to flee as the warring sides in the Yemen conflict failed to reach an agreement to extend the six-month truce. The constant occurrence of these threats have prompted Saudi and UAE retaliation in the region, creating a conflict of multiple interests. Houthi rebels accuse the Yemen government of siphoning $13 billion of the country’s oil funds in the last 5 years to other states and that another $180 million in looted oil left the country on a Greek oil tanker in August. The Yemen government is trying to maintain control of their assets while the UN Special Envoy calls on the parties to maintain calm and refrain from provocations or any actions that could lead to an escalation of violence.