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Houthis threaten Saudi Red Sea export route – reports

Stocks & Finance
Houthis threaten Saudi Red Sea export route – reports

Cargo vessels congestion blocking maritime traffic in the Strait of Hormuz, tankers and container cargo ships clustered in aerial 3D illustration render.

The oil markets are bracing for further volatility after Yemen’s Houthi rebels have reportedly said that they will put a ban on maritime traffic from Saudi Arabia.

The ban could threaten the Red Sea shipping route, which has allowed Saudi Arabia


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