Yemen to resume oil exports after nearly three-year suspension

According to a report by the Saudi Gazette, the Chairman of Yemen's Presidential Leadership Council, Rashad Al-Alimi, announced on Monday that the country intends to resume oil exports. This move would mark the end of a suspension that has been in effect since 2022, a period characterized by intense conflict between the internationally recognized government and Houthi forces. In a televised address, Al-Alimi stated that the government has begun implementing necessary measures to restart export operations, noting that the resulting revenue is intended to support the state budget, cover public sector salaries, and improve essential services for the Yemeni population.

However, this announcement comes amid a volatile security environment in the region. Trusted wire services have reported that Yemen's Houthi militia recently declared a formal maritime embargo on Saudi Arabia, significantly complicating the logistics of oil transport and regional trade. The discrepancy between the Yemeni government's stated intent to resume exports and the Houthi-imposed maritime restrictions highlights the ongoing instability that has plagued the nation's energy sector for years.

Al-Alimi’s address also included a call for national unity, urging Yemeni citizens to support state institutions and security forces in their efforts to regain control and stabilize the economy. While the government maintains that it has consistently sought peaceful resolutions to the conflict, it continues to face significant opposition from the Houthi militia. As of now, international observers have not confirmed the successful resumption of any oil shipments, and the feasibility of these operations remains subject to the evolving security situation in the Red Sea and surrounding maritime corridors.