GeopoliticsSeptember 14 at 03:16 PM

Yemeni sources today announced a new field advance by Houthi forces, saying that these forces have dominated the strategic heights of Kahbub, reports Fars News

StockNow breaking-news AI analysis

Houthi territorial gains near Bab el-Mandeb threaten key crude transit routes, sharply reducing maritime vessel traffic and driving global benchmark oil and diesel prices significantly higher.

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Geopolitics

IRGC Navy says the Strait of Hormuz is closed and remains under the control of the IRGC Navy, reports Tasnim; The supertanker "Algaya", which was attempting to pass through the restricted area south of the Strait of Hormuz, exploded after hitting a mine

U.S. Markets

Citi (C) expects FY DOTCE to finish a bit above the 11% top end of its 10-11% guidance range

C Geopolitics

Iran's Rezaee says don’t get distracted by US President’s mixed signals from no negotiations to we’re ready to talk, stakes around oil and straits have changed, damage control won’t stop what’s coming, no talks until Iran's conditions are met period!