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Breaking Posted 5 hours ago

Houthis impose maritime embargo on Saudi Arabia, threaten Red Sea shipping

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Yemen's Houthis announced an immediate maritime embargo on Saudi Arabia, targeting not only Saudi-flagged vessels but any ship calling at Saudi ports, with threats of sanctions and military targeting. Saudi Arabia exports ~4.5m barrels/day via Yanbu port through the Bab al-Mandab Strait. This escalation pressures oil prices and USD/SAR, with knock-on effects for risk sentiment and commodity-linked currencies.
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