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FinancialNews
26-07-18
Saudi Arabia seals off key strait for oil shipments
(MENAFN) Al Arabiya reported Saudi Arabia to have decided to block all crude oil shipments via the strait of Bab el-Mandeb.
Saudi minister of Energy, Industry and Mineral Resources Khalid Al-Falih explained the move to have come as retaliation against a Houthi attack on two giant Saudi oil tankers passing through the strait in the Red Sea early Wednesday.
Al-Falih confirmed the attack to have slightly destroyed one of the two giant tankers.
He added that the suspension of shipments is to be maintained until navigation through the strait is assured to be safe.
MENAFN2607201800450000ID1097203645
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