Australian Defense Minister: The Houthis have been disrupting the rules-based order.

Citi Research: We believe that barring major supply disruptions, weak market fundamentals will lead OPEC+ to continue pursuing its first-quarter 2024 production cuts throughout 2024.

Australian Defense Minister: Australia has provided personnel support during the US strike in Yemen.

Citi Research: Despite extending the implementation of production cuts, OPEC+ may face more challenges in 2025 as large-scale oversupply problems remain.

Japan’s Chief Cabinet Secretary Yoshimasa Hayashi: Japan condemns the Houthi armed forces’ violation of the free passage of ships around the Arabian Peninsula.

Japan’s Chief Cabinet Secretary Yoshimasa Hayashi: (When asked about the US and UK’s strikes against the Houthis) Japan supports the decision of the United States and its allies to ensure the safety of ships.

US Secretary of State Blinken will meet with the Japanese Foreign Minister at 1:30 pm local time on January 12.

US Defense Secretary Austin: There is no indication that the US Embassy in Iraq was attacked.

US Defense Secretary Austin: No more information is available about the attack on the Iraqi embassy.

U.S. Defense Secretary Austin: We do regard Iran as the responsible party for its role in the attack on the U.S. military.

U.S. Defense Secretary Austin: We believe Iran is involved in every attack by the Houthis.

U.S. Defense Secretary Austin: We have not seen any direct retaliatory actions by the Houthis against the United States or Britain.

US Defense Secretary Austin: We would not be surprised if the Houthis respond.

US Defense Secretary Austin: The impact of the attack on the Houthis has been significant.

U.S. Secretary of Defense Austin: The U.S. and British forces are on high alert in the Red Sea region and are ready to defend themselves at any time in response to attacks in Yemen.

U.S. Defense Secretary Austin: Attacks were launched from air, surface and underwater platforms.

US Defense Secretary Austin: There is no intention to escalate tensions.

U.S. Secretary of Defense Austin: The targets of the strike are Houthi armed drones, unmanned surface ships, land-attack cruise missiles, coastal radars and aerial surveillance capabilities.

The United States and its allies jointly stated: Our goal remains to reduce tensions and restore stability in the Red Sea.