“Saudi Arabia is temporarily halting all oil shipments through Bab al-Mandeb strait immediately until the situation becomes clearer and the maritime transit through Bab al-Mandeb is safe,”
He made this statement after Yemen’s Iran-aligned Houthis attacked two ships in the waterway.
Brent futures rose 19 cents to $74.12 a barrel by 1305 GMT, extending their rally into a third day but slipping from a 10-day high in earlier trading. [O/R]
Saudi Arabia and arch-foe Iran have been locked in a three-year proxy war in Yemen, which lies on one side of the Bab al-Mandeb strait at the southern mouth of the sea, one of the most important trade routes for oil tankers heading from the Middle East to Europe.
The Houthis, who have previously threatened to block the strait, said on Thursday that they had the naval capability to hit Saudi ports and other Red Sea targets. Iran has threatened to block another strategic shipping route, the Strait of Hormuz.
Saudi Energy Minister Khalid al-Falih said the Houthis attacked two Saudi oil tankers in the Red Sea on Wednesday, one of which sustained minimal damage.
WWII-Era Bomb Explodes, Leaving Crater In German Field
A World War II-era bomb has exploded in a field near the district of Ahlbach in the western German town...
Aisha Buhari Leads Campaign For Participation Of Women In Maritime
The First Lady, Mrs. Aisha Buhari, will be leading other dignitaries and stakeholders in the maritime community to campaign and...
Buratai Assures On Re-training Of Military Personnel To Curb Insecurity
The Chief of Army Staff Lt. General Tukur Buratai has reiterated the preparedness of military personnel to train and re-train...
Your Woes Are Self-Inflicted, Ekiti APC Tells PDP
The ruling All Progressives Congress, (APC), in Ekiti State has advised the opposition Peoples Democratic Party, (PDP), to look inward...
Court Fixes June 28 For Ruling On Justice Ofili-Ajumogobia’s Objections To Trial
Justice Rilwan Aikawa of the Federal High Court in Lagos on Monday fixed June 28 to rule on a preliminary...
5,000 Deaths Recorded Through Road Accidents In Lagos
Fresh facts have emerged that about 5,000 people died last year in Lagos State. Speaking at a one day Interfaith...
Oyo Has Highest Number Of Internet, Cyber Crimes In South-West, Says EFCC
The Economic and Financial Crimes Commission EFCC Ibadan zonal office on Monday revealed that Oyo State has the highest number...
COVER STORIES14 hours ago
Anti-graft Hammer Falls On Power Sector As Court Jails Ex-MD, 4 Others
NEWS15 hours ago
… Arrest Notorious Bandit, 20 Others In Katsina
LAW4 hours ago
Tribunal Dismisses Atiku, PDP Application To Inspect INEC Server
NEWS20 hours ago
We Won’t Recognize Speaker Fraudulently Elected –Obasa
NEWS2 hours ago
Do Away With Some Persons, APC Stakeholders Charge PMB
NEWS16 hours ago
Tinubu Not Against Ambode’s Appointment As Minister – BOHM Boss
POLITICS20 hours ago
NBA’s Alarm Over Intimidated Judges Vindicates PDP Concerns – Secondus
COVER STORIES14 hours ago
Lawmakers Oppose Elongation Of NASS Workers’ Service Years