1 Day
Source:
USA TODAY
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Houthis threaten Red Sea blockade of Saudi Arabia
Iran-backed Houthis announced plans to block shipping through the Bab el-Mandeb Strait, a critical Red Sea route controlled by the group, potentially disrupting global oil supplies and increasing crude prices. The move follows heightened tensions related to Iran's conflict with the U.S. and was in retaliation for Saudi Arabia’s blockade of Yemen’s airports and ports. The potential closure could reduce global oil supply by 7%, adding strain to already disrupted energy routes amid ongoing regional conflicts.
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