NEWSNATIONNOW (Tatiana Carter) - Houthis say they attacked Saudi tankers as Iran war expands to Red Sea
The Bab el-Mandeb Strait handles about 12% of global trade.
THENATIONALPULSE (Pulse Wires) - Oil Prices Surge to Six-Week High Amid Houthi Disruption of Saudi Shipments.
Iran-backed Houthi threats against Saudi oil tankers in the Red Sea have disrupted global shipping routes, driving up oil prices and raising fears of further instability in the region.
Iran-backed Houthi threats against Saudi oil tankers in the Red Sea have disrupted global shipping routes, driving up oil prices and raising fears of further instability in the region. PULSE POINTS WHAT HAPPENED: International and U.S. oil prices climbed more than four percent on Wednesday as renewed concerns over global energy supplies intensified after Yemen’s Iran-backed Houthi rebels began enforcing a self-declared “maritime ban” on Saudi oil tankers in the Red Sea, prompting several vessels to reverse course. The Houthis announced the blockade earlier this week in response to renewed Saudi military strikes in Yemen, threatening to prevent Saudi crude exports from transiting the Red Sea and the Bab el-Mandeb Strait after…Open