Yemen loses $5 million due to coalition’s seizure of fuel ships during truce

SANAA, Jul. 26 (YPA) – The continued seizure of fuel ships by the Saudi-led coalition caused Yemen to lose $5 million since the start of the truce, spokesman for the Yemeni Petroleum Company (YPC), Issam Al-Mutawakel, said Tuesday.

In a statement to Al-Masirah TV, Al-Mutawakel indicated that fluctuations in the global stock exchange prices caused fines for impounded fuel ships to rise from 20,000 dollars per day to 35,000 dollars.

Al-Mutawakel confirmed that the fluctuation of international stock prices and the continued piracy of fuel ships by the coalition made the truce lose its effect inside Yemen.

YPA