Yemen Says It Retook Mocha Port as Hormuz Oil Transits Rise and Saudi Pipeline Runs Normally
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Yemen says its forces have retaken the strategic Red Sea port of Mocha as the military launches a broader campaign to capture territory. Oil markets remain in focus after the G7 released as much as 100 million barrels of emergency oil and diesel. Saudi Aramco issues a warning as the kingdom’s East-West oil link operates normally. Kuwait’s oil output recovers to 75% of prewar levels as Hormuz transits rise, while Iraq seeks more tankers to control its oil shipments through the strait. Global bonds extend their selloff, pushing long-end US yields to their highest levels since 2002. Asian bonds track Treasury losses, while French debt faces further Japanese selling. European bonds diverge as investors unload French and Italian debt, sending the euro to a 17-month low amid France’s fiscal concerns. Ray Dalio warns of the possibility of a US debt crisis within three years. Stocks hover near records, while a US tech rally and cheaper oil lift Japanese equities. Japan’s 10-year bond sale draw
Tags: Abeer Abu Omar, Africa, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, China, Diesel, Donald Trump, Economy, India, Iran, Iraq, Israel, Middle East, Mideast, Oil, OpenAI Inc, Pedro Sanchez, Saudi Arabia
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