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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

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

IAEA chief seeks tougher nuclear checks in Iran, with limited leverage
EU ends rule of law proceedings against Poland under liberal Tusk
Trump to return to New York courtroom for criminal hush money trial
Lamborghini bros no more: Crypto is creating a new wealth effect
Amazon driver fatally shoots person trying to steal vehicle at gunpoint, US cops say
Microsoft ties pay for top bosses to meeting cybersecurity goals
TikTok’s boss goes from reserved tech exec to Met Gala chair
Russia to practice tactical nuclear weapon scenario to deter West - defence ministry
Italy's white-collar mafia is making a business killing
The bystander’s role is changing in the era of livestreaming. North Carolina’s standoff shows how

Others Also Read