Trump threats, Houthi blockade rattle oil markets
Also this week, we look at how a landmark US-Saudi nuclear agreement could reshape the kingdom's civilian nuclear ambitions while raising fresh concerns over proliferation in the Middle East.
Welcome back to AL-MONITOR Business & Tech.
Since our last newsletter, another key energy trade route via the Middle East has been disrupted due to the widening of the Iran war, with Yemen’s Iran-backed Houthi rebels imposing a blockade on Saudi Arabia’s Red Sea ports. The kingdom has redirected more than 70% of its crude oil exports to the western port of Yanbu, but now shipments bound for Asia face the threat of a Houthi blockade. This week, we also look at a planned nuclear deal between the United States and Saudi Arabia.
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