From Aden to Sanaa, Yemenis struggle to deal with soaring living costs
As fighting intensifies, Yemenis face a deepening economic crisis, with unpaid salaries and rising prices.
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As fighting intensifies, Yemenis face a deepening economic crisis, with unpaid salaries and rising prices.
Oilย fluctuated in jittery trading, as Saudi Arabia cut prices of its benchmark grade to Asia, the kingdomโs state producerย warnedย about the risk of low stockpiles and as fighting in Yemen intensified. Martijn Rats, Global Commodities Strategist at Morgan Stanley, discusses upside oil risks amid broader Middle East fighting. (Source: Bloomberg)
Asian stocks were poised to open higher after softer US jobs data eased pressure on the Federal Reserve to keep raising interest rates. Brent crude rose as Yemen launched a bid to recapture Houthi-controlled areas.
Oil dropped after Saudi Arabia cut prices of its benchmark grade to Asia as flows expand, offsetting a lift from intensified fighting in Yemen.
Brent crude tops $106 a barrel after Iran-aligned rebel group claims to have successfully attacked Aramco facilities.