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Houthis Sanction U.S. Oil Majors in Move That Puts Truce With Washington at Risk

Analysts say the move’s practical impact on oil flows remains uncertain.

Overview

  • A Houthi-affiliated operations body, the HOCC, listed 13 U.S. companies, nine executives and two vessels for sanctions, naming ExxonMobil, Chevron and ConocoPhillips among the targets.
  • The HOCC said designated entities "shall be dealt with in accordance with the principle of confrontation," a formulation that signals they are considered hostile and could be attacked.
  • Independent analyst Mohammed Albasha said it is unclear whether the announcement foreshadows imminent strikes, noting any attack would breach a U.S.-mediated ceasefire reached in May.
  • The declaration followed a Houthi-claimed cruise missile strike on the Dutch cargo ship Minervagracht in the Gulf of Aden that injured two sailors and left the vessel ablaze.
  • The U.S. Energy Information Administration and market analysts report limited effects so far on vital tanker flows, including through the Strait of Hormuz, despite elevated maritime risk.