Saudi Arabia suspends oil exports through Bab al-Mandeb
Saudi Arabia, the world's top oil exporter, temporarily suspended all oil shipments through the Bab al-Mandeb Strait after attacks on two crude-carrying vessels by Houthi rebels in Yemen.
Saudi Arabia's Energy Minister Khalid al-Falih said on Thursday the kingdom would halt all oil shipments through the strait immediately.
The suspension will last "until the situation becomes clearer and maritime transit through Bab al-Mandeb is safe", al-Falih said in a statement.
Houthi rebels targeted Saudi tankers in the Red Sea, causing minor damage to one, the Saudi-Emirati coalition fighting the group in the war-torn country said.
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