Bab Al-Mandab, Ormuz, Saudi Oil pipeline... The "Oil Roads" Threatened by the Houthia Advance
5 Articles
5 Articles
CARTES - In a few days, the Yemeni rebels conquered the Red Sea coast after declaring the blockade of Saudi ships.
The Strait of Hormuz is blocked, the important strait Bab al-Mandab threatens – and now Saudi Arabia is also turning off an extremely important oil pipeline. The situation in Iran's war is getting worse and the concern for another oil price explosion, including gasoline and diesel, is growing.
The price of oil is above $100, and another wave of price increases may begin.
Hard to say what made investors shake their wrists more this week. If the Hormuz crisis, the round... The article Crisis and collapse of Saudi oil and the ECB rates: what happens on the Stock Exchange comes from Il Riformista.
The East-West oil pipeline of Saudi Arabia, also called Petroline, is a strategic infrastructure that crosses the country from the oil fields of the east, in the Persian Gulf, to the port of Yanbu, in the Red Sea.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
