Saudi Arabia initiates bombing targets in Yemen

FXStreet (Bali) - Saudi Arabia has started bombing targets in Yemen, a potential bullish event for Oil prices.

Headlines - Reuters

Saudi envoy to US says has launched a military operation in Yemen to defend government of president

Saudi envoy says military operation in Yemen involves 10 countries including gulf Arab countries

Saudi envoy says Yemen Houthi militia forces are in control ballistic weapons

Saudi envoy says Hadi and other members of his cabinet are continuing to run the government from Aden

Saudi envoy says trying to save Yemen from radical group, have decided to assist Yemen government as requested

Saudi envoy says objective of operation is protecting and defending legitimate government of Yemen

Saudi envoy says consulted about the military operation with the United States

Saudi envoy says military operation in Yemen involves air strikes

Saudi envoy says declines to give current location of hadi, refers questions to Yemeni officials

Saudi envoy says military operation is based on UN and Arab league charters that justify support for Hadi's government

Saudi envoy says Houthi militia has control of Yemeni air force

Saudi envoy says has air assets from various countries in Saudi Arabia and other military assets on the way to the kingdom

Saudi envoy says military operation is not limited to one particular city or region of Yemen

Saudi envoy says "having yemen fail is not an option for us"

Saudi envoy says military operation Yemen started at 7 p.m. EST and the US is not participating in the operation