10 Hrs
Source:
الاقتصادية
Bab al-Mandab Reignites Oil Dispute
Reports have indicated that a ground attack by the Houthis around the Bab el-Mandeb Strait, one of the most vital passages for global oil and trade, threatens maritime navigation and increases instability in the region. Shipping traffic through the Suez Canal has decreased as a result of these attacks, elevating the importance of the Bab el-Mandeb as an alternative route for oil transit. Saudi oil shipments via the strait had significantly increased before waning due to renewed attacks. Experts fear that ongoing instability in the passage could lead to a decline in maritime traffic, higher costs, and longer transit times for trade between Europe and Asia.
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