Business & Economy · 1 views
Saudi Arabia’s nightmare scenario comes true as Houthis threaten crucial Red Sea shipping route and drone attacks force closure of major pipeline
A lightning advance by Houthi rebels threatens a crucial Red Sea shipping route . Drone attacks blamed on Iraqi militias have forced the closure of a major pipeline, and Iran is still disrupting the Strait of Hormuz .
Summary
A lightning advance by Houthi rebels threatens a crucial Red Sea shipping route . Drone attacks blamed on Iraqi militias have forced the closure of a major pipeline, and Iran is still disrupting the Strait of Hormuz . It’s a nightmare scenario for Saudi Arabia, and it has sent jitters through global markets.
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