Oil plunges on China's falling growth rate, becomes bid on Yemen/Israel conflict brewing. First time in history, Israel launched an aerial attack on Yemen, in response to a Houthi drone strike on Tel Aviv.

Oil plunged on the19th June (Friday trading), falling from its 18th June price at $81 to $78, mostly due to China's collapsing GDP officially now at 4.7% (of course, it could be lower).  Yemen, who has been confining their drone/missile attacks on Red Sea shipping in support of Gaza, launched an Iranian made drone at Israel's largest city Tel Aviv, killing one Israeli citizen.  Israel responded in an unprecedented move, with an aerial bombardment of Hodeidah, a Yemeni port, blowing up a Houthi oil storage facility.

Oil is now bid over $78, looking to piece through its resistance/psychological support of $80 on whether Israel will launch more attacks on Houthi positions in Yemen, despite a possible ceasefire in Gaza before the November 5th U.S. elections.  Also, eyes on Lebanon, with Israel bombing targets deeper into Lebanese territory.   Please refer to the chart above.  

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• Iran condemns Israeli attack on Yemen's Hodeidah port - VOA

• Israel strikes Yemen for the first time following deadly Houthi drone attack - CNN

• Israel shoots down a missile fired from Yemen hours after a deadly Israeli strike on Houthi rebels - AP

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