Oil Crisis: A Major Oil Crisis? Routes From the Middle East Are Closed, BRICS Appeals.
5 Articles
5 Articles
The Strait of Hormuz is blocked, and the Bab al-Mandeb is now under Houthis' control. Ships arriving from Saudi Arabia are also being attacked, leading to a major oil crisis.
Saudi Arabia's oil exports are under pressure from several sides. Drones from Iraq have hit the strategic East-West pipeline, the Strait of Hormus remains massively compromised and the Iran-faithful Huthis (Ansar Allah) advance at Bab el-Mandeb. On Sunday a ship was hit again in Hormus by a projectile. While Brent continues to cost more than 100 dollars per barrel, it also attacks the routes through which Riyadh wants to get his oil exports past…
Saudis and the rebels Houthis, a group supported by Iran against the Yemeni government, have already exchanged attacks for control of the Strait of Bab el-Mandeb on the morning of Sunday (13), reported the network of television catari Al Jazeera. The Strait is a strategic route for the flow of oil from Saudi Arabia to the Mediterranean and the main commercial alternative in the Middle East to Ormuz, today closed by the Iranians. The Yemeni rebel…
The Red Sea crisis blocks key routes and triggers crude oil and diesel; the ECB and the Federal Reserve review their type roadmap. La entrada The Red Sea crisis blocks Ormuz and shoots oil and diesel: central banks review types aparece primero en Merca2.
Pro-Iranian militiamen in Yemen took control of Bab el Mandeb. The situation could aggravate the global energy crisis, as it joins the blockade in Ormuz. Read more
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