BAM concerns

Renewed concerns over shipping safety.

Growing threats to Red Sea shipping routes could trigger a devastating regional conflict, analysts warn

REBECCA SPONG

LONDON: Houthi militia attacks on Saudi oil tankers in the Red Sea’s Bab Al-Mandeb strait have heightened regional tensions and sent shockwaves through global energy markets.

Saudi Arabia’s decision to temporarily halt oil shipments via the key waterway has also triggered concerns that the cost of transporting oil through increasingly risky Gulf waters could rise if the security of the route does not improve, analysts said.

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Source: arabnews.com

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