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Bab Al-Mandab Strait blockade — the risks to global shipping
LONDON: The fears of many came to fruition as, following further Houthi attacks on shipping vessels in the Red Sea, the Iran-backed Yemeni militia entered the war by imposing a blockade on the Bab Al-Mandab Strait. The aim was a further tightening on global oil supplies already being exercised by Tehran in the Strait of Hormuz and the target was clear: Saudi Arabia and its oil exports. By Thursday, oil prices had hit $100 a barrel for the first time since May.
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jpost.com
Houthis attack tankers in Red Sea, Iran blocks Strait of Hormuz, oil prices soar | The Jerusalem Post
Five tankers have rerouted to avoid Bab el-Mandeb as fears grow that Red Sea disruptions could further raise oil prices, impact shipping routes, and strain US military resources.
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oilprice.com
Two Saudi Oil Tankers Targeted as Houthi Blockade Disrupts Red Sea Shipping | OilPrice.com
Houthi attacks on Saudi oil tankers in the Bab el-Mandeb Strait are disrupting Red Sea shipping and adding fresh upward pressure to global oil prices.
