Houthis threaten naval blockade on Saudi oil shipments, putting 7% of global supply at risk

Fresh threat to global oil supply: Saudi Arabia’s crude exports at risk as Yemen’s Houthis look to impose…

After the Strait of Hormuz disruptions, a fresh threat to the world's oil supply has emerged with the Iran-backed Houthi movement in Yemen announcing a maritime blockade against Saudi Arabia. This has raised concerns…