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Oil Tumbles After Saudis Declare End To Yemen Aerial Bombing Campaign

Tyler Durden's picture




 

Saudi Arabia said its campaign of airstrikes in Yemen have succeeded in removing threats to the kingdom and other regional countries, bringing to an end Operation "Decisive Storm." As Bloomberg reports, the Saudi Defense Ministry said a coalition of mostly Sunni Muslim nations has “successfully eliminated the threat to the security of Saudi Arabia and neighboring countries,” by destroying the heavy weaponry and ballistic missiles held by the Shiite Houthi rebels. This comes one day after Gulf envoys told The United Nations that Yemen strikes won't end soon. Saudi Arabia hopes to restart a Yemeni political process and will begin "Operation New Hope," which appears to mean Saudi National Guard ground troops.

  • *SAUDI-LED COALITION TO END OPERATION DECISIVE STORM IN YEMEN
  • *SAUDI COALITION TO START `OPERATION NEW HOPE' IN YEMEN: ARABIYA

Oil reacts... because war is over, right?

 

Of course it is also settlement day so Oil liquidty is thin at best and moves exaggerated.

*  * *

As Bloomberg reports,

Saudi Arabia said its campaign of airstrikes in Yemen have succeeded in removing threats to the kingdom and other regional countries.

 

The operations by a coalition of mostly Sunni Muslim nations has “successfully eliminated the threat to the security of Saudi Arabia and neighboring countries,” by destroying the heavy weaponry and ballistic missiles held by the Shiite Houthi rebels, the Saudi Defense Ministry said in a statement late Tuesday carried by the official Saudi Press Agency. It didn’t say whether the campaign will continue.

 

The airstrikes were an attempt to roll back gains by the Houthis and force them to resume talks to resolve the country’s crisis. The rebels have driven Yemen’s Saudi-backed ruler, President Abdurabuh Mansur Hadi, into exile.

 

Saudi and other Gulf Arab officials accuse the Houthis and their allies of being tools of Iran, a charge they have denied.

 

Iran’s deputy foreign minister, Hossein Amir-Abdollahian, earlier on Tuesday expressed optimism that the bombing of Yemen would end “within hours,” citing unspecified diplomatic efforts. The Houthis have said they’re willing to resume talks on a political settlement in Yemen, though they say they won’t accept Hadi’s return to power.

*  *  *

But:

  • *UN OFFICIAL COMMENTS ON SAUDI-LED COALITION OPERATIONS IN YEMEN
  • *GULF ENVOYS TOLD UN YDAY YEMEN STRIKES WON'T END SOON: OFFICIAL

Meanwhile US warships continue to trawl the coast of Yemen...

This comes a day after U.S. Navy said aircraft carrier USS Theodore Roosevelt was steaming toward the waters off Yemen to beef up security and join other American ships that are prepared to intercept any Iranian vessels carrying weapons to the Houthi rebels.

 

The deployment comes after a U.N. Security Council resolution last week imposed an arms embargo on Houthi leaders.

The Navy has been beefing up its presence in the Gulf of Aden and the southern Arabian Sea in response to reports that a convoy of about eight Iranian ships is heading toward Yemen and possibly carrying arms for the Houthis. Navy officials said there are about nine U.S. warships in the region, including cruisers and destroyers carrying teams that can board and search other vessels.

And new Saudi King Salman has called up The National Guard...

Saudi Arabia's King Salman has ordered the country's National Guard -- considered the Kingdom's best trained and equipped military force -- to join the military campaign against Iranian-backed Shiite rebels in neighboring Yemen.

 

National Guard troops had already deployed along Saudi Arabia's southern border with Yemen, but the order from Salman on Tuesday could pave the way for a long-discussed ground incursion into Yemen to confront the rebels, known as Houthis.

*  *  *

We suspect war is not over.

 

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Tue, 04/21/2015 - 14:30 | 6015345 wissen dass scheiBe
wissen dass scheiBe's picture

Tis the fire before the smoke this time....

Tue, 04/21/2015 - 15:49 | 6015657 quintago
quintago's picture

Watching Saudi's fight is going to be like watching an episode of the three stooges.

Tue, 04/21/2015 - 17:15 | 6015737 ZerOhead
ZerOhead's picture

If oil falls too far those Yemenis are as good as dead.

King Salmon... I still get a chuckle every time I read that name....

Tue, 04/21/2015 - 18:19 | 6016229 Paveway IV
Paveway IV's picture

"...Saudi Arabia said its campaign of airstrikes in Yemen have succeeded in removing threats to the kingdom and other regional countries..."

Yeah... a few old Scuds. Any time someone who is not on the ZATO team has a few of those, the Scuds seem to end up being a particularly immenent threat to one very specific 'other regional country'. The solution is always to bomb the living shit out of the Scud-holders, even if you miss and take out a few thousand Yemenis. Kind of like the failed U.S. drone strikes that never seem to take out al Qaeda, but repeatedly result in many civilian deaths and a lot of destroyed infrastructure. It's the Gaza Strategy.

Note that the Houthis and half the Yemeni Army have never threatened Saudi Arabia. They're fighting to get rid of Hadi and build a representative government for all of Yemen. The Saudis, at first, repeatedly claimed they were bombing in order to restore their puppet Hadi, not to 'remove threats to the kingdom'. Nice hindsight policy change eagerly gobbled up by the MSM.

Tue, 04/21/2015 - 18:32 | 6016266 BullyBearish
BullyBearish's picture

THIS JUST IN:

Russia confirms that the nuclear weapons they secretly gave Iran last summer are now installed and operational.  President Putin confirms that "This should quiet things down a bit in the region!"  Saudis are seen to be pulling back, as are their proxies, ISIS.  Early conjecture is Vladamir Putin now in the running for TIME Magazine's Man of the Year and there are whispers of even the NOBEL PEACE PRIZE.

NYT

Tue, 04/21/2015 - 23:19 | 6017020 golden torch
golden torch's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Tue, 04/21/2015 - 14:31 | 6015349 NoDecaf
NoDecaf's picture

Houthis are armed with what? AKs? What's the daily operating cost for a carrier battle group?

 

 

Tue, 04/21/2015 - 14:44 | 6015399 Stoploss
Stoploss's picture

`OPERATION NEW HOPE'

 

It's workin out real good in America, everything is awesome!!!

Tue, 04/21/2015 - 14:45 | 6015402 RafterManFMJ
RafterManFMJ's picture

You think they give a fuck what it costs? You're the one paying, citizen, so shut the fuck up and pay with blood and treasure.

Tue, 04/21/2015 - 16:09 | 6015742 NeoRandian
NeoRandian's picture

lol

Tue, 04/21/2015 - 14:31 | 6015350 f16hoser
f16hoser's picture

Let me know when we start the Aerial Bombardment of Saudi Arabia. I'll need time to get a bucket of popcorn. Dead Saudi's will be Entertaining!!!

 

Tue, 04/21/2015 - 16:44 | 6015878 Freddie
Freddie's picture

Correction - Dead Saudi Royals.  My guess is they will have to bomb Knightsbridge if they want to kill Saudis.  Bishops Avenue in North London aka Hamstead Heath. 

http://www.theguardian.com/society/2014/jan/31/inside-london-billionaire...

 

Tue, 04/21/2015 - 14:32 | 6015356 czarangelus
czarangelus's picture

No no no, you stupid Wahhabi chucklefucks. You don't get to decide when it ends by pulling back and declaring victory. It looks to me like the Houthi decide when it ends, because they're a lot more desperate and a lot fiercer and a lot more willing to die than you are. If you're lucky they'll let you run home with your tails between your legs. If you're unlucky, well.... maybe they'll want some payback for 50 years of oppression by the US and Saudi-sponsored Vichy Yemeni government.

Tue, 04/21/2015 - 15:56 | 6015682 I M DeMan
I M DeMan's picture

" We're not retreating, we're simply moving our troops in a different direction. "

Tue, 04/21/2015 - 14:35 | 6015370 Sturm und Drang
Sturm und Drang's picture

. "Operation New Hope"

 

I am confused. Does this mean no Midi-chlorian images or are Midi-chlorian themselves blasphemy?

 

Tue, 04/21/2015 - 14:36 | 6015377 czarangelus
czarangelus's picture

I think Wahhabis, Sufis, and Star Wars fans can all agree - Midichlorians are definitely haram.

Tue, 04/21/2015 - 14:46 | 6015404 Dr. Engali
Dr. Engali's picture

Midichlorians and Jar Jar Binks. Two ideas that should have stayed in Lucas's head. It's hard to believe that he aid that out loud, let alone put them in film.

Tue, 04/21/2015 - 14:56 | 6015449 pods
pods's picture

I have no idea what you speak of.

Jar Jar Binks was not in Star Wars, The Empire Strikes Back, nor Return of the Jedi.

:)
pods 

Tue, 04/21/2015 - 15:16 | 6015448 Sturm und Drang
Sturm und Drang's picture

I've seen those movies. I still say my Reni had an influence on the visuals in the later movies. For example, the opening scenes of "Triumph of the Will" of my plane in the clouds and dropping down into Nuremberg - be still my heart. Those were the days.

I'm going to go salute myself in the mirror.

Tue, 04/21/2015 - 14:46 | 6015406 One Eyed Jack
One Eyed Jack's picture

Operation "No Hope" just like in th U.S.

Tue, 04/21/2015 - 14:36 | 6015379 Wahooo
Wahooo's picture

I thought they just committed ground troops?

Tue, 04/21/2015 - 14:38 | 6015383 Dr. Engali
Dr. Engali's picture

Damn it! We need oil higher. Send some freedumb bombs over there and liberate those bastards!

Tue, 04/21/2015 - 15:00 | 6015460 Hohum
Hohum's picture

We do need oil higher.  Not exactly, but mahy in Texas and North Dakota do.

Tue, 04/21/2015 - 14:41 | 6015388 Dr. Engali
Dr. Engali's picture

Operation "New Hope"... Lol.....They learned from the U.S propagandists well. 

Tue, 04/21/2015 - 14:44 | 6015393 tony wilson and...
tony wilson and saturn zion devils's picture

decoded as run out of depleted uranium bombs

do not worry new supples arrive next week.

yes sir depleted uranium vitamins

the greatest gift to arabia

from dam yanky and tel aviv rabbi dov zakheim type

1 bomb cancer  killin for a million or is it a billion years

who nose it all saturn 2 me

Tue, 04/21/2015 - 16:53 | 6015902 WillyGroper
WillyGroper's picture

lol

why dont u change that to rabbit so u dont get the boot again?

Tue, 04/21/2015 - 17:50 | 6016115 tony wilson and...
tony wilson and saturn zion devils's picture

 

bless you my son

i absolve you of your rabbinical sin

 

MISHNAH. WE PERFORM ALL THE REQUIREMENTS OF CIRCUMCISION ON THE SABBATH. WE CIRCUMCISE, UNCOVER [THE CORONA], SUCK [THE WOUND], AND PLACE A COMPRESS AND CUMMIN UPON IT. IF ONE DID NOT CRUSH [THE CUMMIM] ON THE EVE OF THE SABBATH, HE MUST CHEW [IT] WITH HIS TEETH AND APPLY [IT TO THE WOUND] …

https://www.youtube.com/watch?v=A5sbegfCz7o

Tue, 04/21/2015 - 15:20 | 6015403 appocean
appocean's picture

I suspect our president told the king to stand down... we do have two aircraft carriers in the region conducting operations... what they are doing there and whose side they are actually on is probably classified... or undecided.  Did the Iranian ships turn around... just sayin.

Tue, 04/21/2015 - 17:59 | 6016162 Paveway IV
Paveway IV's picture

ONE aircraft carrier - the Theodore Roosevelt. The Carl Vinson already left the 5th Fleet AoA and is on its way back to San Diego. 

Tue, 04/21/2015 - 14:49 | 6015418 Winston Churchill
Winston Churchill's picture

The Yemeni's are fine guerrilla  warriors.

SA is soft and fat.

They are biting off way too much.

Tue, 04/21/2015 - 17:09 | 6015965 Freddie
Freddie's picture

Yes but the Saudis are experienced in fighting through the hedgerows of Harrods and Asprey on Bond Street.

Anyone piece this together yet?  The Saudis supposedly overpump oil and are desparate to take Syria.  Jim Willie says their gold is stolen in London by the UK and USA.  The oil fields are dying.  And Willie and a few others says the USAA will throw the Saudis under the bus and pivot to Iran.

This whole knishing of teeth with Obola making nice with iran and the Neo-cons and Neo-Libs enraged appears to be all theater.

Tue, 04/21/2015 - 15:03 | 6015469 falak pema
falak pema's picture

Operation decisive storm sounds as efficient as "mission accomplished" of Bushist times/

Tue, 04/21/2015 - 15:08 | 6015495 Sturm und Drang
Sturm und Drang's picture

Wasn't he "The Decider"?

Tue, 04/21/2015 - 15:06 | 6015488 Caleb Abell
Caleb Abell's picture

Operation new hope.

As the US organizes chaos in the middle east, either directly or through its vassal states, it loves to use touchy feely names.

How about names that are more truthful and descriptive, like:

"Operation We're Going To Murder Your Women And Children And Steal All Your Oil And Gold, Part 1"

"... Part 2"

"... Part 3"

"............ Part 97"

Tue, 04/21/2015 - 16:02 | 6015701 I M DeMan
I M DeMan's picture

So far, over 180,000 Libyan refugees have flooded into Italy alone ... I bet Italians are mentally re-visiting the issue, "Why the F*ck did we bomb Libya ?" I remember how Gung-Ho Italy was to join France and drop as many bombs as they could to Free the Libyans.

Tue, 04/21/2015 - 16:21 | 6015801 Wahooo
Wahooo's picture

Operation Till Death Do Us Part

Tue, 04/21/2015 - 15:17 | 6015530 YHC-FTSE
YHC-FTSE's picture

I thought oil prices were going to tank in May anyway because the world is running out of storage and they're all still producing at full pelt?

As for SA, a kingdom of billionaire perverts drenched in the delusion of manifest destiny, entitlement and heinous crimes without consequences - that is one country desperately in need of getting its comeuppance for unleashing wahabism onto the world.

Tue, 04/21/2015 - 15:25 | 6015557 WTFUD
WTFUD's picture

. . . and i swear by the moon and the stars in the sky. . . i'll be there . . . for better or worse. . . . mission unaccomplished!

Tue, 04/21/2015 - 15:32 | 6015593 Mike Honcho
Mike Honcho's picture

Did they use Freedom Bombs and Peace Missles?

Tue, 04/21/2015 - 17:25 | 6016007 Clycntct
Clycntct's picture

I was in one yesterday and backed up cause a new policy of not price matching Reems stores? Not sure if local or all SLC stores.

The checker was denying 90% of the price matches that the infront of me cust had and she had the adds?

Something is going on.

Tue, 04/21/2015 - 15:51 | 6015662 NoWayJose
NoWayJose's picture

AN eye for an eye and a bomb for a bomb.  Does anyone doubt that the Houthis (and their buddies) are going to do something nasty inside Saudi Arabia?

Tue, 04/21/2015 - 15:56 | 6015685 Pol Pot's Plant
Pol Pot's Plant's picture

I hope the Houthis kick their asses!

Tue, 04/21/2015 - 16:04 | 6015713 Flying Wombat
Flying Wombat's picture

VERY informative reading on the subject:

How the U.S. Contributed to Yemen’s Crisis

TND Guest Contributor: Professor Stephen Zunes

http://thenewsdoctors.com/?p=464631

Tue, 04/21/2015 - 16:05 | 6015720 Oldrepublic
Oldrepublic's picture

According to this report by a BBC hack, the War in Yemen is quite popular in the Kingdom, wonder if that sentiment will change when the body bags start arriving!

http://www.bbc.com/news/world-middle-east-32381798

Tue, 04/21/2015 - 16:37 | 6015856 vietnamvet
vietnamvet's picture

All in the time-honored US tradition of declaring "Peace With Honor".  Two years after this declaration of victory, Saigon fell.

Tue, 04/21/2015 - 17:19 | 6015987 TheGreatRecovery
TheGreatRecovery's picture

Operation Desert Storm

Operation Decisive Storm

Operation Oil Storm

Operation Perfect Storm

Operation Sh*t Storm

Operation Armchair Storm

Operation Holy Storm

Operation Divine Storm

Operation Cluster Storm

Operation Coke n Hookers Storm

Tue, 04/21/2015 - 18:12 | 6016204 Charming Anarchist
Charming Anarchist's picture

Operations Riders On The Storm

Wed, 04/22/2015 - 09:18 | 6017706 Brazen Heist
Brazen Heist's picture

America has its fingerprints all over this.

Who else would be protecting the Saudi "crown jewels" as much as the US government?

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