RIYADH, Aug 23 (Reuters) - A Saudi-led military coalition foiled attacks by explosives-laden speedboats deployed by Yemen’s Iran-aligned Houthi movement against commercial vessels, the coalition's spokesman said on Thursday. The alliance said it had taken the necessary measures to protect merchant ships of the alliance. Earlier on Thursday, the Houthis said they carried … [Read more...]
Israel Warns Iran of Military Response if Key Red Sea Shipping Lane is Closed
JERUSALEM, Aug 1 (Reuters) - Israel would deploy its military if Iran were to try to block the Bab al-Mandeb strait that links the Red Sea to the Gulf of Aden, Prime Minister Benjamin Netanyahu said on Wednesday. Last week, Saudi Arabia said it was suspending oil shipments through the strait, on the main sea route from the Middle East to Europe, after Yemen's Iran-aligned … [Read more...]
Yemen’s Houthis Ready to Halt Red Sea Attacks -Official
DUBAI, July 31 (Reuters) - Yemen's Houthi group said on Tuesday it is ready to unilaterally halt attacks in the Red Sea to support peace efforts, days after Saudi Arabia suspended oil exports through a strategic Red Sea channel following an attack on crude tankers last week. Yemen, where a Saudi-led coalition has been battling the Iranian-aligned Houthi movement in a … [Read more...]
Risks to Middle East Oil and Gas Shipping Routes: Here’s What’s At Stake
DUBAI, July 26 (Reuters) - Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world's top oil exporting region. Iran, in its row with the United States over sanctions, has also threatened to block the Strait of Hormuz, the other major … [Read more...]
Explainer: What is the Bab el-Mandeb Strait and Why is it Important?
By Julian Lee (Bloomberg) -- Saudi Arabia temporarily halted oil shipments via the Bab el-Mandeb Strait, a key shipping lane for crude at the southern end of the Red Sea, after the country said two tankers were attacked by the Yemeni Houthi militia. Here’s why this waterway is starting to become a focal point for the global economy. What is the Bab el-Mandeb Strait? The Bab … [Read more...]