Daily Market Updates: Iran-linked Houthi allies declare maritime embargo against Saudi Arabia

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Iran-linked Houthi allies declare maritime embargo against Saudi Arabia

The groups accused Saudi Arabia of an “aggressive siege” against them, escalating risks for shipping routes tied to oil supplies.

Reported · Written up by our desk · Energy

CNBC World reports that Iran-linked Houthi allies have declared a maritime embargo against Saudi Arabia, a move that raises concerns for the oil market.

In a statement carried by state news, the militants alleged Saudi actions amounted to an “aggressive siege,” according to CNBC World.

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CNBC WorldIran's Houthi allies declare maritime embargo against Saudi Arabia, escalating threat to oil market

Commodities

Iran-linked Houthi allies declare maritime embargo against Saudi Arabia

More like this

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