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The Economic Times
The Economic Times

Gulf oil threatened anew as Houthis reach key island and pipeline is shut down

ADEN/DUBAI: Yemen's Iran-aligned Houthis reached the strategic island of Perim in the Bab el-Mandeb Strait ​on Friday, four Yemeni government sources told Reuters, moving to tighten their grip on a vital global shipping route in the widening Middle East war.

Meanwhile, the vital East-West oil pipeline in Saudi Arabia, which has helped relieve the logjam in the Strait of Hormuz, was temporarily shut down by a drone attack coming from Iraq, Saudi officials said. This put further pressure on Gulf oil flows at a time when diplomatic efforts to ease war have stalled.

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