In a move with significant implications for global trade, U.S. President Donald Trump announced a halt to American airstrikes on Yemen’s Houthi forces, following a reported ceasefire agreement mediated by Oman.
The Iran-aligned Houthis—whose attacks on commercial vessels have severely disrupted shipping through the Red Sea and Bab al-Mandab Strait—have reportedly agreed to stop targeting critical maritime trade routes.
“They said please don’t bomb us any more and we’re not going to attack your...