Connect with us

World

Yemen rebels launch wide strikes on Saudi sites; no one hurt

Published

on

NEWNow you can hearken to Fox Information articles!

Yemen’s Houthi rebels unleashed a barrage of drone and missile strikes on Saudi Arabia that focused key services together with pure gasoline and desalination crops early Sunday, Saudi state-run media reported, the most recent escalation as peace talks stall and the warfare in Yemen rages into its eighth yr.

The assaults didn’t trigger casualties, the Saudi-led navy coalition combating in Yemen mentioned, however broken civilian autos and houses within the space.

The salvo additionally got here as Saudi Arabia’s state-backed oil big Aramco introduced that its earnings surged 124% in 2021 to $110 billion, a bounce fueled by renewed anxieties about international provide shortages and hovering oil costs.

LIFTING SANCTIONS ON TERRORISTS WILL NOT PREVENT IRAN ‘FROM GOING NUCLEAR’: SEN RON JOHNSON

Advertisement

Aramco, also called the Saudi Arabian Oil Co., launched its earnings report after weeks of intense volatility in power markets triggered by Russia’s invasion of Ukraine. Punitive sanctions on Russia, among the many world’s largest exporters of crude and petroleum merchandise, have added turmoil to an already-tight power market.

The worldwide oil benchmark Brent crude hovered over $107 on Sunday after practically touching a peak of $140 earlier this month. Saudi Arabia and the United Arab Emirates have to this point resisted Western appeals to extend oil manufacturing to offset the lack of Russian oil as gasoline costs skyrocket.

On this picture supplied by the Saudi Press Company, firefighters attempt to extinguish a blaze at an Aramco terminal within the southern border city of Jizan, Saudi Arabia, early Sunday, March 20, 2022. 
(Saudi Press Company by way of AP)

Brig. Yehia Sarie, a spokesman for Yemen’s Iran-backed Houthis, mentioned the rebels had launched “a large and enormous navy operation into the depth of Saudi Arabia” on Sunday, firing ballistic missiles and bomb-laden drones towards Saudi Aramco services and different “delicate targets” within the nation.

He described the assault as retaliation for the Saudi-led “aggression and blockade” that has turned a lot of Yemen right into a wasteland.

Advertisement

NETANYAHU WARNS IRAN COULD ‘TAKE THE ENTIRE WORLD HOSTAGE’ IF WEST APPROVES NEW NUKE DEAL

The Saudi-led navy coalition mentioned Houthi aerial strikes focused a spread of services: an Aramco liquified gasoline plant within the Crimson Sea port of Yanbu, an influence station within the nation’s southwest, a desalination facility in Al-Shaqeeq on the Crimson Coastline, an Aramco oil facility within the southern border city of Jizan and a gasoline station within the southern metropolis of Khamis Mushait.

The extent of injury on Saudi infrastructure and power services remained unclear. The official Saudi Press Company posted photographs of firetrucks dousing leaping flames with water and a path of rubble wrought by shrapnel that crashed via ceilings and pocked residence partitions. Different photographs confirmed wrecked vehicles and big craters within the floor.

“There have been no accidents or fatalities, and there was no influence on the corporate’s provides to clients,” Aramco President and CEO Amin H. Nasser informed reporters in remarks carried by Saudi state media.

The barrage comes days after the Saudi-based Gulf Cooperation Council mentioned it invited Yemen’s warring sides for talks in Riyadh geared toward ending the warfare — a proposal dismissed out of hand by the Houthis, who demanded that negotiations happen in a “impartial” nation.

Advertisement

Peace talks have floundered because the Houthis have tried to seize oil-rich Marib, one of many final remaining strongholds of the Saudi-backed Yemeni authorities within the nation’s north.

IRAN SEEKING NUCLEAR DEAL FOR SANCTIONS RELIEF, BUT REMAINS ‘GREATEST THREAT’ IN MIDDLE EAST: CENTCOM

Yemen’s brutal warfare erupted in 2015, after the Iran-backed Houthis seized the nation’s capital, Sanaa, and swept throughout a lot of the north. Saudi Arabia and different Arab states launched a devastating air marketing campaign to dislodge the Houthis and restore the internationally acknowledged authorities.

However years later, the warfare has settled right into a bloody stalemate, with Saudi Arabia and its allies struggling to show the tide. It has created one of many worst humanitarian crises on this planet, with a latest U.N. report estimating that a whole lot of 1000’s of individuals have died on account of the warfare.

Coalition airstrikes have decimated infrastructure and struck civilian targets in Yemen like hospitals, telecommunications facilities and marriage ceremony events, drawing widespread worldwide criticism.

Advertisement
In this photo provided by the Saudi Press Agency, a damaged car is parked at an Aramco terminal in the southern border town of Jizan, Saudi Arabia, Sunday, March 20, 2022. 

On this picture supplied by the Saudi Press Company, a broken automotive is parked at an Aramco terminal within the southern border city of Jizan, Saudi Arabia, Sunday, March 20, 2022. 
(Saudi Press Company by way of AP)

Repeated cross-border Houthi assaults in the meantime have focused the dominion’s key oil refineries and export terminals. Though hardly ever inflicting substantial injury, the strikes on Aramco websites have rattled world power markets and raised the danger of disruptions to Saudi output.

As a part of its 2021 report, Aramco mentioned it caught to its promise of paying quarterly dividends of $18.75 billion — $75 billion final yr — attributable to commitments the corporate made to shareholders within the run-up to its preliminary public providing. Practically the entire dividend cash goes to the Saudi authorities, which owns greater than 98% of the corporate.

IRAN NUCLEAR DEAL WOULD MAKE BIDEN ‘THE BIGGEST FUNDER OF TERRORISM IN THE WORLD’: REP. JIM BANKS

Regardless of Saudi Crown Prince Mohammed bin Salman’s rising efforts to diversify the Saudi economic system away from oil, the dominion stays closely depending on oil exports to gasoline authorities spending.

The low oil costs of latest years have stung Aramco, forcing the dominion to reduce its spending on initiatives and subsidies. However driving on its 2021 revenue surge, Aramco mentioned on Sunday it expects to boost its capital expenditures to between $40 and $50 billion this yr, a large improve from final yr’s spending of $31.9 billion.

Advertisement

“Though financial circumstances have improved significantly, the outlook stays unsure attributable to numerous macro-economic and geopolitical elements,” mentioned Nasser, Aramco’s CEO.

CLICK TO GET THE FOX NEWS APP

Aramco shares have been up over 3% on Sunday to commerce round 43.20 riyals ($11.50) a share on Riyadh’s Tadawul inventory trade.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

World

Evan Gershkovich's closed-door trial on espionage charges begins in Russia, where a conviction is expected

Published

on

Evan Gershkovich's closed-door trial on espionage charges begins in Russia, where a conviction is expected

Wall Street Journal reporter Evan Gershkovich’s trial in Russia on espionage charges is starting Wednesday behind closed doors in the city of Yekaterinburg.

Gershkovich, 32, was arrested in March 2023 in Yekaterinburg on espionage charges, with Russian authorities alleging he was gathering secret information for the CIA, a claim he, his employer and the U.S. government deny.

“Evan Gershkovich is facing a false and baseless charge. … The Russian regime’s smearing of Evan is repugnant, disgusting and based on calculated and transparent lies. Journalism is not a crime,” Wall Street Journal publisher Almar Latour and chief editor Emma Tucker said after his trial date was announced. “We had hoped to avoid this moment and now expect the U.S. government to redouble efforts to get Evan released.”

He is the first known Western journalist to be arrested on espionage charges in post-Soviet Russia.

WSJ REPORTER EVAN GERSHKOVICH SET TO BEGIN ESPIONAGE TRIAL ON JUNE 26

Advertisement

Wall Street Journal reporter Evan Gershkovich stands in a glass cage in a courtroom in Yekaterinburg, Russia, Wednesday, June 26, 2024. (AP)

The journalist appeared in the courtroom Wednesday morning in a glass cage, with his head shaven, according to The Associated Press.

Gershkovich’s appeals seeking his release have thus far been rejected.

“Evan has displayed remarkable resilience and strength in the face of this grim situation,” U.S. Ambassador to Russia Lynne Tracy said on the anniversary of Gershkovich’s arrest.

If convicted, which is expected, Gershkovich faces up to 20 years in prison. Russian courts convict more than 99% of defendants and prosecutors can appeal sentences that they believe to be light. Prosecutors can even appeal acquittals.

Advertisement

The Russian Prosecutor General’s office said Gershkovich is accused of gathering secret information on orders from the CIA about Uralvagonzavod, a plant that produces and repairs military equipment about 90 miles north of Yekaterinburg.

Gershkovich dressed in black in Moscow court box

If convicted, Gershkovich faces up to 20 years in prison. (NATALIA KOLESNIKOVA/AFP via Getty Images)

Another American detained in Russia, American corporate security executive Paul Whelan, was arrested in Moscow for espionage in 2018 and is serving a 16-year sentence.

Gershkovich’s arrest came about a year after Russian President Vladimir Putin pushed laws that drew concerns about journalism in the country, criminalizing criticism of the war against Ukraine and statements viewed by officials as discrediting the military. 

Foreign journalists largely left the country after the laws passed. Many gradually moved back in subsequent months, but concerns still remained about whether Russian authorities would take action against them.

Several Western reporters have been forced to leave following Gershkovich’s arrest because Russia would not renew their visas.

Advertisement

WSJ REPORTER EVAN GERSHKOVICH ORDERED TO STAND TRIAL IN RUSSIA ON CHARGE OF ‘GATHERING SECRET INFORMATION’

Gershkovich being escorted to a van

Wall Street Journal reporter Evan Gershkovich is escorted from the Lefortovsky court in Moscow, Russia, Friday, Jan. 26, 2024. (AP Photo/Alexander Zemlianichenko)

Following Gershkovich’s arrest, many feared Russia was targeting Americans amid tensions with the U.S.

Russia has suggested a prisoner exchange for Gershkovich could potentially happen in the future, but such a swap is not possible until a verdict is reached in his case. Putin has floated the idea that he might be interested in freeing Vadim Krasikov, a Russian imprisoned in Germany for the assassination of a Chechen rebel leader.

In 2022, Russia and the U.S. worked out a swap that released WNBA star Brittney Griner, who was serving a 9 1/2-year sentence for cannabis possession in Russia, in exchange for arms dealer Viktor Bout, also known as “the Merchant of Death.”

Advertisement

The Biden administration would likely be sensitive when negotiating a swap for Gershkovich, not wanting to appear to be giving away too much after intense criticism of trading Bout for Griner.

The Associated Press contributed to this report.

Continue Reading

World

US journalist Gershkovich on trial in Russia over spying charges he denies

Published

on

US journalist Gershkovich on trial in Russia over spying charges he denies

American journalist Evan Gershkovich went on trial behind closed doors in Russia on charges of espionage 15 months after he was arrested in the city of Yekaterinburg.

The 32-year-old Wall Street Journal reporter appeared in a glass cage in the Yekaterinburg courtroom on Wednesday, with his head shaven clean and wearing a black-and-blue plaid shirt.

Gershkovich is accused by prosecutors of gathering secret information about Uralvagonzavod, a plant manufacturing tanks for Russia’s war in Ukraine, on the orders of the Central Intelligence Agency (CIA).

Prosecutor Mikael Ozdoyev claimed there was proof that Gershkovich “on the instructions of the CIA … collected secret information about the activities of a defence enterprise about the production and repair of military equipment in the Sverdlovsk region”.

The court said the next hearing will be held on August 13.

Advertisement

The US Embassy in Russia on Wednesday called for Gershkovich’s release and said the “Russian authorities have failed to provide any evidence supporting the charges against him, failed to justify his continued detention, and failed to explain why Evan’s work as a journalist constitutes a crime”.

The Journal said the “secret trial” will “offer him few, if any, of the legal protections he would be accorded in the US and other Western countries”.

The reporter, his employer and the United States government vigorously deny the allegations, saying he was just doing his job, with accreditation from Russia’s Ministry of Foreign Affairs.

On Tuesday, the Journal’s editor-in-chief, Emma Tucker, wrote in a letter to readers that Russian judicial proceedings are “unfair to Evan and a continuation of this travesty of justice that already has gone on for far too long”.

Advertisement

Tucker said: “This bogus accusation of espionage will inevitably lead to a bogus conviction for an innocent man.”

If convicted, Gershkovich faces a sentence of up to 20 years in prison. A verdict could be months away because Russian trials often adjourn for weeks.

Tucker noted that even covering Gershkovich’s trial “presents challenges to us” and other media “over how to report responsibly on the proceedings and the allegations”.

“Let us be very clear, once again: Evan is a staff reporter of The Wall Street Journal. He was on assignment in Russia, where he was an accredited journalist,” she wrote.

The case, the US Embassy wrote on X, “is not about evidence, procedural norms or the rule of law. It is about the Kremlin using American citizens to achieve its political objectives”.

Advertisement

‘Hostage diplomacy’

The American-born son of immigrants from the Soviet Union, Gershkovich is the first Western journalist to be arrested on espionage charges in post-Soviet Russia.

His detention came about a year after President Vladimir Putin pushed through laws that chilled journalists, criminalising criticism of the war in Ukraine and statements seen as discrediting the military.

After his arrest on March 29, 2023, Gershkovich was held in Moscow’s Lefortovo prison. His appeals for release have been repeatedly rejected.

The proceedings will take place behind closed doors, meaning that the media is excluded and no friends, family members or US embassy staff are allowed in to support him.

Putin has indicated that Russia is open to the idea of a prisoner exchange involving Gershkovich and others, claiming that contacts with the US have taken place, but that they must remain secret.

Advertisement

The US has in turn accused Russia of conducting “hostage diplomacy”.

It has designated Gershkovich and another jailed American, security executive Paul Whelan, arrested in Moscow for espionage in 2018, as “wrongfully detained”, thereby committing the government to assertively seek their release.

In its statement, the US Embassy said Russia should stop using people like Gershkovich and Whelan “as bargaining chips”. “They should both be released immediately,” it said.

Advertisement
Continue Reading

World

GameStop is becoming a poorly run bank

Published

on

GameStop is becoming a poorly run bank
GameStop’s actual business – selling video games and associated paraphernalia – isn’t doing so hot. Its other business – earning interest on cash that was handed over irrationally – is helping. But that makes GameStop more akin to a bank than a retailer. Shareholders would be better off sticking with an actual savings account.
Continue Reading

Trending