WorldClosure of Bab el-Mandeb Strait threatens Saudi oil shipments to Asia — expert
Iraqi energy expert Ziyad al-Hashemi warned that hostilities in southwestern Yemen could close the Bab el-Mandeb Strait, threatening the main route for Middle Eastern oil bound for Asia. He said about 5 million barrels per day in Saudi exports could be disrupted, causing oil-market turmoil and higher spot prices. Yemen’s Houthi movement has launched an offensive and strikes near the Red Sea and Taiz.
Closure of Bab el-Mandeb Strait threatens Saudi oil shipments to Asia — expert