EUR/USD
1.15605
-0.301%
Gold
4315.53
-0.757%
Oil
97.705
0.603%
USD/JPY
154.303
0.403%
GBP/USD
1.35062
-0.146%
GBP/JPY
208.400
0.252%
Real-time News
On September 15th, British Prime Minister Burnham is considering whether to assist Saudi Arabia in dealing with attacks by the Houthi rebels in Yemen, as the UK is concerned that an escalation of the conflict could further impact global shipping and the economy. Sources familiar with the matter revealed that Saudi Arabia has made several requests to the UK, including diplomatic and military support. These requests include operational support for the Saudi military in responding to the Houthi advance along Yemens Red Sea coast towards the Bab el-Mandeb Strait, and assistance in defending against attacks on Saudi oil infrastructure. Reports indicate that Burnham has not yet decided whether to approve these requests. A British government spokesperson stated that the UK will work with its partners to support regional stability, but did not disclose specific measures. Sources said that British officials have informed Burnham that if the Houthis control the Bab el-Mandeb Strait, it will have a "catastrophic" impact on international shipping and could further impact the global economy by pushing up oil prices and inflation. Meanwhile, the UK is concerned that the Saudi East-West oil pipeline may take up to six weeks to resume operation. Burnham has agreed to send British military advisors to Saudi Arabia to support its operations. British Foreign Secretary Miliband previously stated that the UK "firmly supports Saudi Arabia and the internationally recognized government of Yemen."Sources say British Prime Minister Burnham is considering whether to help Saudi Arabia fight off attacks by Yemens Houthi rebels, as Britain fears the escalating conflict will increasingly damage the British economy.According to Al Jazeera, the Iraqi Prime Minister stated that Iraq will not become a launchpad posing a threat to its neighbors.U.S. Vice President Vance: We will permanently suspend the eligibility of 870,000 people to receive loans from the government.On September 15th, US President Trump stated that he hopes everyone understands that rising prices across the US are caused by "Sleepy Joe" Biden and his administration, not by "Trump." He added that even oil prices were higher during Bidens presidency, and that "we prevented Iran from acquiring nuclear weapons!" Aside from the temporary factor of oil prices, prices are falling significantly. Once the military conflict with Iran ends, oil prices will plummet like a falling rock, and this situation will not last long.
