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US Providing Political Cover for Saudi Strikes, says Yemen’s Houthi Leader Abdel-Malek al-Houthi

The United States is a key ally of Saudi Arabia, which has come under fire from human rights groups over the air strikes that have repeatedly killed civilians in Yemen

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FILE - A supporter carries posters depicting Houthi leader Abdel-Malek al-Houthi during a rally in Sana'a, Yemen, March 6, 2015. Image source: VOA

The leader of Yemen’s Iran-allied Houthi faction Abdel-Malek al-Houthi accused the United States of providing logistical support and political cover for Saudi-led air strikes in the 18-month Yemeni conflict.

In his first published interview since the start of the civil war, Abdel-Malek al-Houthi also told the Houthis’ quarterly magazine his group was open to a peaceful solution of the conflict, in which at least 10,000 people have died.

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“The United States plays a major role in the aggression… including logistical support for air and naval strikes, providing various weapons… and providing complete political cover for the aggression, including protection from pressure by human rights groups and the United Nations,” he said.

The United States is a key ally of Saudi Arabia, which has come under fire from human rights groups over the air strikes that have repeatedly killed civilians in Yemen.

Saudi Arabia and its allies, which have intervened in the conflict in support of the exiled government of Yemeni President Abd Rabbu Mansour Hadi, see the Houthis as proxies of their archrival Iran.

The Houthis deny this and say Hadi and Saudi Arabia are pawns of the West bent on dominating their impoverished country and excluding them from power.

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U.N.-sponsored talks to try to end the fighting collapsed last month and the Houthis and allied forces loyal to former Yemeni president Ali Abdullah Saleh have resumed shelling attacks into Saudi Arabia, Yemen’s large northern neighbour.

In his interview, Abdel-Malek al-Houthi said his opponents did not understand the meaning of real dialogue.

“The hurdle facing negotiations and dialogue is that the other party wants to achieve through the talks what it wanted to achieve through war, not understanding that the path of dialogue and peace is different to the path of war,” he said.

Last month U.S. Secretary of State John Kerry said he had agreed in talks in Saudi Arabia with Gulf Arab states and the United Nations on a plan to restart peace talks for Yemen with a goal of forming a unity government.

Both the Houthis and the exiled government have welcomed the idea of a return to talks since then. (VOA)

 

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Know About the Concern Over Fluctuating Oil Prices due to Coronavirus Outbreak

Global Stock Markets Plummet on Oil Price Drop, Coronavirus Fears

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Oil prices
Stock markets plummeted across the world, plunging on dual concerns over oil prices and the economic effects of the coronavirus. Pixabay

By Ken Bredemeier

Stock markets plummeted across the world Monday, plunging on dual concerns over oil prices and the economic effects of the coronavirus that has spread to more than 100 countries. This is a breaking news.

Key exchanges in New York fell more than 7% Monday, following a 5% drop in some Asian markets, while European markets closed down about 8%.

The widely watched Dow Jones Industrial Average of 30 key U.S. stocks closed down more than 2,000 points Monday for a loss of 7.9% while the S&P 500 fell 7.6%.

The steep decline at the New York Stock Exchange triggered an automatic 15-minute halt in trading to temporarily limit losses to 7%, a provision last employed in December 2008 in the depths of the recession.

Investors were spooked by plunging oil prices, with Brent crude, the world benchmark, falling more than 24% to $34.36 a barrel, on top of the coronavirus fears sweeping the globe. U.S. oil prices for West Texas Intermediate, a Texas light sweet crude, dropped nearly 25% to $31.13 a barrel.

The world prices of oil fell on fears that Saudi Arabia, launching a price war with one-time ally Russia, would flood the world market with oil in a bid to regain market share.

The plunge in oil prices was the worst since the Gulf War in 1991. Strategists at Goldman Sachs Group Inc. warned oil prices could fall into the $20s.

Oil prices
U.S. oil prices for West Texas Intermediate, a Texas light sweet crude, dropped nearly 25% to $31.13 a barrel. Pixabay

Volatility has consumed markets around the world amid the coronavirus outbreak that has infected more than 108,000 people and killed more than 3,800 people. At least 10 billion shares have traded on U.S. exchanges each day for two weeks.

U.S. stocks are now down 19% from a peak they reached last month.

U.S. President Donald Trump offered his rosy assessment of the stock market plunge and dropping oil prices, saying on Twitter, “Good for the consumer, gasoline prices coming down!”

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More broadly, he laid the blame for falling stock prices: “Saudi Arabia and Russia are arguing over the price and flow of oil. That, and the Fake News, is the reason for the market drop!” (VOA)