- Houthis escalated attacks against Saudi interests and shipping lanes in the Red Sea while the Saudi-led coalition supports Yemen's government.
- Houthi rebels operating from Yemen have initiated a maritime embargo against Saudi Arabia, severely impacting the oil exports relying on the Strait of Hormuz.
- Instructed Houthis to prepare to close Bab el-Mandeb Strait, a blockade threatens export routes through Hormuz, and a naval blockade on Saudi Arabia has been declared.
- Blockades and Iran's actions threaten to disrupt international trade and global oil supplies in the Persian Gulf.
Houthis attacked Saudi oil installations in the Strait of Hormuz, leading to sharp declines in regional stock markets.
1 report, 1 independent
Updated Jul 1
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What happened
Houthis attacked Saudi oil installations in the Strait of Hormuz, leading to sharp declines in regional stock markets.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
Related events
- Houthis continue attacking Saudi Arabia, while Egypt emphasizes Saudi Arabia's importance to its security.
- Iranian attacks disrupt oil flow through Hormuz, impacting global oil market stability.
- Houthi attacks on oil facilities in Saudi Arabia are causing oil price movements, leading central banks (FED, BoE, BoJ) to manage inflation risks.
- Houthis attacked energy facilities in Saudi Arabia amidst broader Middle East tensions, driving up oil prices and impacting financial markets.
- Sisi pledged Egyptian support for Saudi security as Houthis escalated attacks on Saudi infrastructure.
Coverage
Newest first; wire copies grouped- zawya.comMideast Stocks: Most Gulf markets ease after Houthi attacks on Saudi Red Sea oil sites