Daily Market Updates: Houthis step up Red Sea attacks, raising fears for Saudi oil exports

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Houthis step up Red Sea attacks, raising fears for Saudi oil exports

The renewed attacks target vessels passing through Bab el-Mandeb, a route that supports millions of barrels per day of Saudi crude exports.

Reported · Written up by our desk · Trade & Tariffs

CNBC World reports that the Houthis have deployed missiles and drones to attack ships transiting the southern Red Sea, prompting warnings from a naval group.

The outlet said the attacks center on the Bab el-Mandeb corridor, where disruptions could threaten Saudi crude oil shipments.

CNBC World noted that the potential impact could extend to the flow of millions of barrels per day of Saudi crude oil exports, underscoring the stakes for global supply.

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CNBC WorldHouthis deploy missiles and drones to attack ships in southern Red Sea, naval group says

Global Markets

Houthis step up Red Sea attacks, raising fears for Saudi oil exports

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