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Houthi navigation ban could disrupt Saudi steel imports
Yemen's Houthi rebel group said on 20 July that it was imposing a ban on maritime navigation linked to Saudi Arabia, framing the move as a response to what it described as the kingdom's ongoing blockade of Yemen and military aggression against the country. The move could threaten not only crude exports from Saudi Arabia's Red Sea terminal of Yanbu, but also steel shipments into the kingdom. The immediate exposure appears higher for vessels sailing to Saudi Red Sea ports from Asia through the Bab el-Mandeb strait, while cargoes reaching ports such as Jeddah or King Abdullah Port from the Mediterranean via the Suez ... (full story)
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Houthis Announces 'sea Navigation Ban' On Saudi Arabia HOUTHIS ANNOUNCE SEA NAVIGATION BAN ON SAUDI ARABIA **Key Points:** - Houthi forces declare a sea navigation ban targeting Saudi Arabia - Ban set to take effect Monday - Reported by Bloomberg A major escalation in Red Sea tensions that could disrupt regional shipping lanes and Saudi maritime trade. #Houthis #SaudiArabia #RedSea #GeopoliticalRisk
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 ...
