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Saudi Arabia’s crown prince is seeking back from the president of Egypt, his ally across the Red Sea, as the kingdom faces increased attacks by Yemen’s Houthi rebels.
1hon MSN
Saudi crown prince goes to Egypt for support amid Houthi strikes, and other Mideast developments
With his kingdom under attack, Saudi Arabia’s crown prince reached out to Egypt for support against Yemen's Houthi rebels who have disrupted key avenues of commerce, contributing to a spike in the cost of oil around the world.
Experts tell BBC Verify the pipeline's closure could cut oil supplies by as much as 3.6 million barrels per day.
By Timour Azhari and Jana Choukeir RIYADH/DUBAI, Sept 15 (Reuters) - Saudi Arabia issued security alerts over a range of territory on Tuesday, including in the holy city of Mecca and second-largest city Jeddah,
The kingdom is in a state of strategic shock after coming under attack from an emboldened Iran and failing to win more U.S. military support, analysts say.
Brent futures topped $109 per barrel after reports emerged that the key East-West pipeline could be shut for ‘weeks
Saudi Arabia is running out of work-arounds to keep its oil flowing, with Iran-backed Houthi rebels threatening its exports via the Red Sea.
By Siddharth Cavale NEW YORK, Sept 15 (Reuters) - Oil prices settled $3 higher on Tuesday after shipping industry sources said crude loadings at Saudi Arabia's Red Sea export hub of Yanbu had been suspended and Riyadh had canceled some cargo deliveries to European customers,