Yemen's Houthis announce Naval Blockade on Saudi Arabia from the Red Sea
- Jul 20
- 1 min read
Source: Hal Turner
Yemen's Houthis have announced a Naval Blockade on Saudi Arabia from the Red Sea.
This move essentially cuts-off Saudi oil exports through the Bab al-Mandeb Strait.
Saudi Arabia has been using its "East-West Pipeline" to send crude oil out via the Red Sea since Iran closed the Strait of Hormuz, preventing oil from leaving the Persian Gulf.
The East-West Pipeline has been carrying between 5 and 7 Million Barrels of Oil, per day. That helped alleviate the loss of twenty million barrels a day from the Persian Gulf.
Now, the world's oil shortage situation is going to get very much worse, very much faster. The Houthis also warned that any further Saudi escalation would be met with a "comprehensive and decisive" response.
