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The Economic Times
The Economic Times

Saudi crown prince seeks Egypt's backing as Houthi attacks rattle Red Sea oil routes

Cairo: Saudi Arabia's crown prince sought backing Tuesday from the president of Egypt, his ally across the Red Sea, as the kingdom faces increased attacks by Yemen's Houthi rebels on Saudi shipping and infrastructure that have helped drive a surge in global oil prices.

Saudi Arabia has largely been on its own in confronting the Iranian-backed rebels, who rapidly captured more territory in Yemen over the past week and strengthened their ability to choke off Saudi oil exports out of the Red Sea.

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