LONDON (Reuters) - With Middle East giants Saudi Arabia and Iran squaring up on opposing sides in the Yemen war, the dangers to vital oil tanker and goods voyages are growing daily.
Millions of barrels of oil pass through the Bab el-Mandeb and Strait of Hormuz everyday to Europe, the United States and Asia - waterways which pass along the coasts of Yemen and Iran respectively. Insurance costs for shippers are likely to jump.
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