Cointime reports: Yemen’s Houthi movement demanded $51 billion from Saudi Arabia as a condition for ending hostilities, after the group attacked Saudi oil tankers in the Red Sea and seized control of key areas of the strategic Bab al-Mandab strait. Saudi officials had approached the Houthis to explore the possibility of stopping hostilities through negotiations, the demand being the group’s stated price.
Houthis Demanded $51B to End Hostilities, Report Says
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