Houthi Rebels Blockade Saudi Oil Shipments as Brent Crude Tops $100
Yemen’s Houthi rebels have declared a naval blockade on Saudi oil shipments through the Bab el-Mandeb strait, forcing tankers to reverse course and pushing Brent crude prices above $100 a barrel on Thursday. This escalation marks a significant new front in the ongoing conflict between the United States and Iran. Market Volatility and the Red … Read more