Monday, February 26, 2024

The geopolitical escalation in the Middle East is suppressing risk sentiment

Markets start the week on Monday on the defensivewhile considering the weekend’s events on the geopolitical front.

Geopolitical tensions between the West and the Middle East intensified after The United States and the United Kingdom will carry out a new wave of airstrikes on Saturday against the Iran-backed Houthi militant group in Yemen, hitting at least 30 targets.

“The latest attacks come after airstrikes on Friday against other Iran-backed groups in Syria and Iraq, with the Iranian Revolutionary Guard, seeking retaliation for a drone strike that left three US service member who died in Jordan.” , according to the Associated Press.

In return, Yemen’s Houthi rebels on Sunday vowed to expand their military operations and threatened to respond to the latest series of attacks from the United States and Britain. during the weekend.

Ameen Hayyan, a spokesman for the group, warned on Sunday on X (formerly Twitter) that the latest attacks come from the United States and the United Kingdom “They will not deter us from our moral, religious and humanitarian stance” in supporting the Palestinians in the Gaza Strip..

The attacks”They will not pass without answer and punishmentHayyan added.

Among the latest updates, the United States Central Command (USCENTCOM) confirmed on Monday that “on February 4, at approximately 5:30 am (Sanaa time), the forces conducted a defensive strike itself against a missile Houthi land attack cruiser.

“Starting at 10:30 am, US forces engaged four anti-ship cruise missiles, all of which were ready to be launched against ships in the Red Sea,” USCENTCOM said.+

World Nation News Desk
World Nation News Desk
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