Houthi attacks on oil infrastructure driving Yemen’s government into bankruptcy

Houthi attacks on oil infrastructure driving Yemen’s government into bankruptcy

Frequent Houthi attacks on oil facilities in southern Yemen halted all oil exports pushing Yemen’s government on the verge of bankruptcy.

Government may not be able to pay public employees in areas under its control in the near future, as per reports. The country could experience severe fuel shortages and protracted power outages as a result of attacks forcing the government to stop importing fuel.

Last month, the Iran-backed Houthis staged two drone attacks on oil terminals in Hadramout and Shabwa in an effort to halt tankers from delivering the nation’s oil exports from the government-controlled territories to the global market.