Yemen Suffers Massive Oil Losses Due to Houthi Attacks
Sana'a – Yemen's oil sector has incurred over $7.5 billion in losses since October 2022 as a result of Houthi attacks targeting ports and oil facilities across the country.
According to official sources, the halt in oil exports has deprived the Yemeni government of its main source of foreign currency, negatively impacting the national economy. The government has also struggled to pay salaries and fund public services, increasing economic pressures on citizens.
These developments come amid international efforts to find diplomatic solutions to the Yemeni crisis, as stakeholders seek to achieve economic stability and control the deteriorating situation in the country.
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