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LBCI Lebanon
Houthis threat to blockade Saudi Arabia
The article discusses the threats issued by the Houthis in Yemen to impose a maritime blockade on Saudi Arabia, which pose a direct threat to regional stability and represent a serious escalation. These threats are part of heightened regional tensions, with U.S. officials urging that no obstacles be placed in the way of navigation through the Strait of Hormuz and the Red Sea, emphasizing the need to halt actions that endanger the lives of mariners and international shipping. They also pointed out that oil prices have risen, with Brent crude futures increasing by more than 5%, reaching their highest level since June at around $98.91 per barrel. Additionally, the CEO of Repsol announced their preparedness for the worst-case scenarios in the Strait of Hormuz.
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