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Houthi capture of Red Sea islands likely to tighten grip on oil shipping, raising fresh oil crisis
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Houthi capture of Red Sea islands likely to tighten grip on oil shipping, raising fresh oil crisis
Oil markets, meanwhile, are bracing for further pressure as the closure of Saudi Arabia’s east-west pipeline threatens to restrict the kingdom’s ability to transport crude from the Strait of Hormuz to the Red Sea export hub of Yanbu.
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