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On August 19, Houthi military spokesman Sari stated that the group has adopted three "strategies": responding to a blockade with a blockade, striking Saudi military strongholds (regardless of their location), and defending Yemeni sovereignty. Since announcing a ban on Saudi maritime navigation on July 20, the Houthis have attacked eight Saudi oil tankers—five in the Red Sea and three in the Gulf of Aden and the Arabian Sea. He claimed the group has also blocked the passage of 48 Saudi oil tankers and forced them to turn back, including 34 in the Arabian Sea and the Indian Ocean and 14 in the Red Sea. The Houthis have carried out nine military operations targeting Yanbu, Najran, Jizan, Abha, and oil supply facilities in Saudi Arabias Eastern Province, and 14 operations against what they claim are Saudi military strongholds in Ruwek, Abul, Wadiyah, Marib, and Muhah. He warned Saudi Arabia against further escalation, stating, "Any full-scale escalation will lead to a full-scale escalation." Sari stated that Saudi Arabias only option is to lift the blockade, end the aggression, withdraw foreign troops, and return Yemeni resources to the Yemeni people.According to reports, Iranian Parliament Speaker Qalibaf met with Iraqi Prime Minister Ali Zaidi in Baghdad, Iraq.Bank of America Global Research: Raises target price for Adobe (ADBE.O) from $190 to $220.According to Iranian media Fars News, Iranian Parliament Speaker Qalibaf stated that resistance is the only path to victory, and negotiations will be meaningless if we are not prepared for war.Moderna (MRNA.O) surged 100% intraday, pushing its market capitalization above $50 billion, on track for its biggest single-day gain ever, after the company and Merck announced successful research on a melanoma vaccine. Merck (MRK.N) rose 10%, hitting a new intraday high. BioNTech climbed 17.6%.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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