Yemen’s Houthis claim missile attack on Saudi Arabia oil tanker

Core Impact Points

• The Houthi group has imposed a naval blockade on Saudi vessels in the Red Sea, targeting several tankers, including the oil tanker NCC GHAZAL.
• The attack has raised concerns about the global oil supply, as the Bab al-Mandeb chokepoint is a critical shipping route for oil exports.
• The incident has also heightened regional tensions, with the Houthi group accusing Saudi leaders of imposing an unjust and oppressive siege on Yemen.
• The Saudi government has reported that the crew of the oil tanker is safe, but the incident has sparked concerns about the safety of oil tankers in the region.
• The Houthi group has claimed responsibility for a second attack on two Saudi oil tankers last week, further escalating tensions in the region.
• The global oil market may be impacted by the incident, as the Red Sea is a critical route for oil exports, and any disruptions could lead to price increases.