Saudi Arabia halts oil exports in Red Sea lane after Houthi attacks


  • World
  • Wednesday, 25 Jul 2018

FILE PHOTO: Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum, Russia May 25, 2018. REUTERS/Sergei Karpukhin/File Photo

DUBAI (Reuters) - Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea's Bab al-Mandeb strait, one of the world's most important tanker routes, after Yemen's Iran-aligned Houthis attacked two ships in the waterway.

Brent futures rose 19 cents to $74.12 a barrel by 1305 GMT, extending their rally into a third day but slipping from a 10-day high in earlier trading.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Analysis-Trump election subversion case bogs down as allies' legal woes grow
Missile launched from Yemen's Houthi area, no injuries reported, CENTCOM says
Turkish court convicts Syrian woman over Istanbul bombing, media says
Analysis-Arrest of Russian defence minister's deputy may be strike by rival 'clan'
Former tabloid publisher to face more questions in Trump hush-money trial
Burkina Faso suspends BBC, VOA radio broadcasts over killings coverage
'Lucky to have him': Australia mourns refugee guard killed in Bondi attack
Trump ready to renew conservative alliance with Hungary's Orban
Kenya Airways accuses Congo of harassment over detained staff
Inside Big Tech’s underground race to buy AI training data

Others Also Read