Oil – Houthis fired an anti-ship cruise missile at a US Navy ship

<p>Houthis fired an anti-ship cruise missile at the USS Laboon.</p><ul><li>the US Navy vessel was in the Red Sea. </li></ul><p>

The missile was shot down by US fighter aircraft near the coast of Yemen with no harm done to Laboon or the aircraft. </p><p>Its difficult to see the Houthis stopping their attacks, and thus I expect further US military strikes against the group. </p><p>On Friday we had:</p><ul><li><a href="https://www.forexlive.com/news/us-and-uk-air-strikes-underway-in-yemen-targeting-houthis-20240111/" target="_self">US and UK air strikes underway in Yemen, targeting Houthis</a></li><li><a href="https://www.forexlive.com/news/us-navy-maritime-patrol-and-reconnaissance-aircraft-spotted-off-yemen-yen-rises-20240111/" target="_self">US Navy maritime patrol and reconnaissance aircraft spotted off Yemen – yen rises</a></li></ul><p>Oil climbed but its now back to around (just under) USD73/bbl. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.