27 Days
Source:
الأيام
Rising threats to global oil shipments
The escalating tension between Saudi Arabia and the Yemeni Houthi group threatens the most important route for exporting Saudi oil via the pipeline from the east to the Red Sea port of Yanbu. This pipeline enhances exports and provides alternatives to the disrupted Strait of Hormuz. The group has threatened to resume attacks on Saudi oil facilities amid increasing military and political escalation, as security conditions in the Red Sea deteriorate and regional stability declines. These developments could lead to significant disruptions in global oil supplies and bring the risk of an economic recession closer.
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