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What will be the impact of the Israeli airstrikes on global oil prices by August 31, 2024?
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Oil price data from financial markets such as NYMEX or reports from financial news sources like Bloomberg
Story
Israeli Air Force Strikes Houthi-Controlled Al Hudaydah Port in Yemen Yesterday
Jul 21, 2024, 03:08 PM
The Israeli Air Force conducted extensive airstrikes on the Houthi-controlled port of Al Hudaydah in western Yemen yesterday, targeting oil refineries and fuel depots. The strikes, which occurred on July 20, followed a deadly drone attack on Tel Aviv carried out by the Iran-backed Houthi group. Satellite images and footage released by the IDF and other sources show significant damage, with fuel depots still on fire and much of the port in ruins. The attack has led to widespread destruction, with dozens of storage tanks filled with millions of gallons of fuel and oil still burning.
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