Here’s what you need to know. Yemen’s Houthi fighters and their allies seized part of Aden, a strategic port city. Aden lies near the Bab el-Mandeb Strait, which is one of the world’s oil chokepoints. Most exports from the Persian Gulf that transit the Suez Canal and SUMED Pipeline pass through Bab el-Mandeb. West Texas Intermediate crude oil is down 2% at $49.07 per barrel. Nuclear talks with Iran are ongoing. Talks persisted throughout the night as both sides showed a willingness to get a deal done. According to the Washington Post, “The West demands that the Lausanne talks wind …read more
Source: Business Insider
