Saudi Arabia Reopens Red Sea Shipping Lane
Saudi Arabia resumed oil shipments through the Red Sea shipping lane Bab al-Mandeb.
Saudi Arabia resumed oil shipments through the Red Sea shipping lane Bab al-Mandeb.
The temporary closure of the Bab al-Mandeb strait has a limited impact on Kuwaiti oil shipments as only 10% pass through the strategic shipping lane, Kuwait News Agency (KUNA) revealed on July 26.
Saudi Arabia is “temporarily halting” all oil shipments through the Red Sea due to an attack on two oil tankers by Yemen's Houthi movement.
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