Saudi-Houthi Conflict Escalates Amid Hopes of Diplomacy at UN General Assembly
The conflict between Saudi Arabia and Yemen's Houthis has escalated, prompting Israel to launch airstrikes on southern Lebanon. The US Embassy in Israel issued a security alert for American citizens in the Middle East amid the escalating conflict.
Iran's Revolutionary Guards claim they destroyed a US MQ-1 drone over the Strait of Hormuz, while oil prices have fallen to their lowest level in more than a week amidst hopes of diplomacy at the UN General Assembly this week. The price of Brent crude has dropped 2% from Sunday, reaching $101.85 per barrel.
Iran's Parliament Speaker Mohammad Bagher Ghalibaf stated that the Strait of Hormuz will remain closed until the US fulfils its commitments under the Memorandum of Understanding signed by Donald Trump in June. He warned that any attack would trigger sustained strikes on US bases and interests in the region, and regional countries supporting American aggression against Iran would be considered parties to the conflict.