Iranian-backed Houthi rebels
Coverage of Iranian-backed Houthi rebels in the Nexus archive.
- Iranian-backed Houthi rebels renew attacks on key port city, and other developments in the Mideast
Iranian-backed Houthi rebels renewed attacks on government-controlled areas in Yemen, striking the port city of Mokha with missiles and drones. These strikes raise fears over threats to strategic shipping routes, particularly the Red Sea and Bab el-Mandeb Strait, potentially reigniting Yemen's civil war. Furthermore, Iran continues to demand that the U.S. meet specific conditions before considering reopening the Strait of Hormuz.
- Europe's central bank holds rate steady amid swings in oil prices
The European Central Bank maintained its benchmark interest rate at 2.25% amid uncertainty over the impact of volatile oil prices on inflation. Analysts suggest the decision reflects a pause to assess energy price swings linked to the US-Iran conflict and Hormuz Strait disruptions, with a potential rate hike anticipated at the September meeting.