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US Business · cnbc.com · Tuesday, 21 July 2026

Houthi maritime embargo on Saudi Arabia threatens Bab al-Mandeb oil flow

Houthi militants declared an immediate maritime embargo on Saudi Arabia, targeting the Bab al-Mandeb Strait, a key route for oil exports that bypass the Saudi pipeline. The move could amplify supply disruptions already caused by Iran’s attacks on tankers in the Strait of Hormuz, pressuring global oil prices.

Read the source: cnbc.com ↗In the 21 July issue →