WorldFirst Post
Houthis declare naval blockade of Saudi Arabia: Will this trigger the world’s next oil shock?
in5points
The Houthi movement (Ansar Allah) declared a naval blockade of Saudi Arabia.
The blockade targets Saudi Arabia's Yanbu export hub and the Bab el-Mandeb Strait.
Threatened oil flows represent nearly 7% of global production.
Combined with Strait of Hormuz disruptions, longer tanker routes and higher shipping costs could escalate the global energy crisis.
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