Yemen Suffers Massive Oil Losses Due to Houthi Attacks

Sana’a – Yemen's oil sector has incurred over $7.5 billion in losses since October 2022 as a result of Houthi attacks targeting ports and oil facilities across the country.
According to official sources, the halt in oil exports has deprived the Yemeni government of its main source of foreign currency, negatively impacting the national economy. The government has also struggled to pay salaries and fund public services, increasing economic pressures on citizens.
These developments come amid international efforts to find diplomatic solutions to the Yemeni crisis, as stakeholders seek to achieve economic stability and control the deteriorating situation in the country.
Sana'a ــ Houthi-controlled Central Bank in Sana’a announced the release of a new 200-rial banknote, marking a significant development in Yem…
Sana’a – Houthi Rebels has appointed senior figure Raed Al-Sha’er as judicial guardian over the Yemen Gulf Bank, one of the large…
Aden — Yemeni rial has plummeted to a record low of 2,760 per U.S. dollar, marking the steepest collapse in the currency’s value since…