Houthi grip on Bab el-Mandeb threatens new oil price shocks Saudi Arabia’s conflict with Ansar Allah is expected to push oil prices higher, even as the kingdom continues to route some of its crude through the East-West pipeline and the Strait of #Hormuz. The kingdom has restarted the pipeline linking production facilities to Yanbu on the Red Sea coast, albeit at reduced capacity. Restoring its full capacity of 7 million bpd could take six to eight weeks.

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