Yemeni Government Admits It Has Lost Control Of Nation Amid “Attempted Coup”
In what Yemen’s information minister described as an “attempted coup” Shia Houthi rebels (backed by Hizbollah and Iran) have surrounded the Yemeni Presidential Palace putting them, as The Telegraph reports, in direct confrontation with al-Qaeda and the Yemen government. Amid hopes of a compromise deal or cease-fire in the conflict that has been under way since September when the Houthis swept into Sana’a, the latest reports are the nation has gone from bad to worse…
- YEMENI PM SAID SURROUNDED BY HOUTHI MILITIAS: CNN
- YEMEN INFORMATION MINISTER SAYS GOVERNMENT HAS LOST CONTROL OVER COUNTRY — CNN
Oil prices, interestingly, fell on the increasing tensions today – as we pre-suppose the market is pricing in a successful coup – and the ensuing pump-fest of supply (at any price – just give us revenues) will trump Yelemni tribes threats to cut off supply if the President is harmed.
*YEMEN HOUTHI REBELS SEIZE STATE NEWS AGENCY, TV STATION: AP
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