IAHL Corporation (IAHL)

[energybuyer]

The US has launched multiple attacks on Houthi targets in Yemen, but the group continues to menace shipping off the coast, firing at another vessel. President Joe Biden said US strikes would continue.

Crude has struggled to set a sustained direction so far in 2024 — rising and falling in alternate weeks — with tensions in the Middle East countered by traders dialing back bets that the Federal Reserve will start cutting interest rates soon, buoying the dollar and hampering risk assets. Meanwhile, the International Energy Agency sees the market as well-supplied this year given output gains from the US, Brazil, Canada and Guyana.