Iran's Houthi allies in Yemen declare maritime embargo of Saudi Arabia | Metals Mine

  • Iran's Houthi allies in Yemen declare maritime embargo of Saudi Arabia

    From cnbc.com

    Iran’s Houthi allies in Yemen on Monday declared a maritime embargo of Saudi Arabia. The militants have repeatedly threatened to close the Bab el-Mandeb Strait, a chokepoint for commercial ship traffic connecting the Red Sea to the Gulf Aden and global markets. Riyadh has diverted million of barrels of oil per day to an export terminal on the Red Sea as the U.S.-Iran war has severely disrupted tanker traffic through the Strait of Hormuz. A closure of Bab el-Mandeb would block in those barrels, exacerbating the oil supply disruption triggered by the disruption in Hormuz. Crude oil prices were little changed after ... (full story)

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AaronWard
23 hr ago
Permalink
Although the VCC's can't make the Suez Canal, a lot of other ships can. Bad for Asia and good for Europe. Also we need to see if the Hooties have the technical capacity to block the straits. They have before, but those were much tamer times.
Reply
Polimini
23 hr ago
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oil to the mon
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Trader#78DC
15 hr ago
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Oohhhh noooo another toothless group making threats, we're so scared.
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