- Worry over Red Sea as Houthis join war
- Saudi port of Yanbu vital to oil supply
- Prospect of costlier insurance
The risk of Houthi attacks in the Bab al Mandab Strait at the mouth of the Red Sea has returned to trouble Saudi oil exports.
Any such action could cause a spike in already-inflated oil prices, as the Houthis have said “our fingers are on the trigger”.
The Iran-backed Yemeni militia on Saturday made its first foray into the conflict between the US-Israeli coalition and Iran, firing missiles at what it said were “sensitive Israeli military sites” in…
