US Pauses Nightly Strikes on Iran as Houthis Clash With Saudis

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessUS Pauses Nightly Strikes on Iran as Houthis Clash With SaudisSkirmishes between Houthi rebels and Saudi Arabia intensified as a pause in the nearly two-week run of nightly US strikes on Iran raised fresh questions about President Donald Trump’s strategy in the war.Author of the article:Sara Gharaibeh and Arsalan Shahla You can save this article by registering for free here. Or sign-in if you have an account.p}ebbh5t{50]t1f2lvkeaa9(_media_dl_1.png Bloomberg RSS(Bloomberg) — Skirmishes between Houthi rebels and Saudi Arabia intensified as a pause in the nearly two-week run of nightly US strikes on Iran raised fresh questions about President Donald Trump’s strategy in the war.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Houthis, Islamist militants based in Yemen and backed by Iran, said they fired missiles and drones at facilities linked to oil giant Saudi Aramco in the Red Sea port towns of Jizan and Yanbu. There was no immediate confirmation from the Saudi government or Aramco. Saudi authorities briefly issued emergency warnings but retracted them and said the danger had passed.A Saudi-led coalition responded by striking Houthi military positions later on Saturday, according to Yemen TV, a channel affiliated with the internationally recognized Yemeni government. The day before, the coalition struck the port from which the Houthis’ maritime attacks normally originate. The Houthis also announced they would blockade Saudi ports and attacked two Saudi-linked oil tankers in the Red Sea.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againAfter attacking Iran for 13 days, the US apparently paused strikes Friday night into Saturday with no explanation or announcement. Iranian media and the government also didn’t announce any incoming attacks.Even so, the escalation in the Red Sea — on top of the nightly US strikes on Iranian military facilities and infrastructure, as well as retaliatory attacks by Tehran — compounds an already severe squeeze on regional energy flows. Traffic through the Strait of Hormuz, normally the conduit for a fifth of global crude supplies, remains largely paralyzed by the hostilities. Any sustained disruption to Saudi Arabia’s Red Sea export routes, through which it’s sending millions of barrels of oil a day, mainly from Yanbu, would likely push up crude prices even more.Trump, who is increasingly frustrated with Iran for refusing to reopen Hormuz, said late Friday that the US is “locked and loaded” for major strikes on Iran. He added he had not made a decision on whether to go ahead with them, after telling Axios a few days ago he was mulling a “massive attack.”One ally described the president as being in revenge mode against Iran while others said he is looking to exact a cost from Tehran for the war, which has driven up energy prices and put Republicans in a tough spot politically ahead of the November midterms.Speaking at the White House Correspondents’ Dinner, Trump said Iran would “love to make a deal” but he doesn’t think “it’s time yet.”He also said Friday that the warring sides are talking, though his administration is offering few details.A delegation from Oman has arrived in Tehran for talks over operations in the strait, Axios reported, citing two regional sources. It was unclear whether the US would abide by any outcome.Brent crude has soared around 27% in the past two weeks as US-Iran clashes worsened and the Houthis effectively opened a second front in the war. The global benchmark closed on Friday at $96.78 a barrel.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Houthi-Saudi Truce ThreatenedThe new apparent Houthi aggression in the Red Sea came despite a shaky truce between the Saudi kingdom and Yemen, which has been in a civil war for 12 years. The Houthis survived a roughly seven-year bombing campaign led by Saudi Arabia and the United Arab Emirates and still control areas containing most of Yemen’s population.Iran is the main funder and sponsor of the Houthis, though the group is more autonomous than other proxies such as Hezbollah in Lebanon.How Iran Extends Its Power Via Allied Militant Groups: QuickTake—With assistance from Olivia Poh and Kari Lindberg.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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