Saudi oil halted
Attacks follow war of words between Iran and USA.
Saudi Oil Shipment Halt: A Potential Watershed in the Yemen War
A spike in oil prices as a result of a temporary halt in shipments through the strategic Bab al-Mandeb strait may be short-lived, but the impact on Yemen’s three-year-old forgotten war is likely to put the devastating conflict on the front burner.
The halt following a Saudi assertion that Iran-backed Houthi rebels in Yemen had attacked two Saudi oil tankers traversing the waterway drives home the threat the conflict poses to a chokepoint in international trade and the flow of Gulf oil to world markets. The Houthis said they had attacked a Saudi warship rather than oil tankers.
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