On May 6, 2025, a ceasefire between the U.S. and Yemen's Houthi rebels, brokered by Oman, came into effect, ending U.S.-led airstrikes in Yemen. The Houthis agreed to halt attacks on vessels in the Red Sea but stated that the ceasefire does not apply to Israel, which has continued its military operations in the region. The agreement has been met with mixed reactions, with Israel expressing concerns over being excluded from the deal. (https://www.reuters.com/markets/europe/global-markets-view-europe-2025-05-20/)