Saudi Arabia faces the biggest threat to its oil production since 1932 as Houthis launch attacks near the Red Sea's Bab el-Mandeb Strait, an expert says.
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Saudi Arabia faces the biggest threat to its oil production since 1932 as Houthis launch attacks near the Red Sea's Bab el-Mandeb Strait, an expert says.
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LONDON, Sept 17 - A lightning advance by Yemen's Houthi group has brought the vital Bab el-Mandeb Strait under its control, making the once ragged highland militia a regional player with global clout.
War in Yemen and attacks on Saudi Arabia have jeopardized the main alternative route for Gulf oil, with Houthis capturing the Red Sea coast
The world's second-largest crude exporter is rerouting crude via dark shipments and ship-to-ship transfers off Oman.
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