Yemen in September 2026: the most important developments in economy
In Yemen in September 2026 the economic story was the effect of the Houthi advance on oil and shipping. After Houthi forces seized a strategic island in the Red Sea, Saudi Arabia shut a key oil pipeline on 12 September, and reports on Houthi attacks on Saudi energy facilities spoke of fires and operational disruptions. Brent crude rose above $106 on 10 September and reached $108 on 14 September, and on 24 September oil prices settled about 3 percent higher as a Houthi attack on Saudi Arabia lifted supply fears. Oil tankers returned in large numbers to the Suez Canal as Red Sea risk grew, and Saudi oil stored in Egypt was reported to be able to cushion Red Sea export losses for about a week. Saudi oil export costs surged as Red Sea risks mounted. Houthi representatives said ships continued to pass through the Bab el-Mandeb strait normally, while the Strait of Hormuz was described as choked and a commentary argued that proscribing the Houthis would bring energy bills down.
by WorldBrief & Maksim Micheliov | AI-generated summary
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