Six Saudi oil tankers are skipping the Red Sea and sailing around Africa as Houthi threats force another reroute of crude exports.
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Six Saudi oil tankers are sailing away from the Bab el-Mandeb chokepoint and appeared to be embarking on an unusual trip around Africa as threats from Houthi rebels upend shipping in the Red Sea.
According to the sources, the attack is intended to break the chokehold the Houthis currently have on oil shipping in the Red Sea.
An Israeli oil line built for the Shah of Iran has become the most talked-about answer to Riyadh’s shipping crisis. The numbers explain why it is likely to stay a conversation. Saudi Arabia’s oil has…
The effects of the Houthi attack on Saudi energy infrastructure will continue on well into the next month, according to state oil company Saudi Aramco...
Saudi Arabia said on Thursday it had set up a maritime defence alliance to secure navigation around the strategic Bab al-Mandab Strait.The move comes ...
Riyadh won political backing from 14 countries for its proposed maritime defense coalition, but members have yet to commit to joining as Washington weighs its position.
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