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As Houthis declare Red Sea blockade on Saudi Arabia, oil markets brace for impact
As Houthis declare Red Sea blockade on Saudi Arabia, oil markets brace for impact
The Iran-backed group said the maritime embargo on the Gulf's biggest crude exporter would be effective immediately.
Jack Dutton
Jul 20, 2026
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A ship,believed to belong to the French naval forces heads toward the Bab el-Mandeb Strait on Jan. 20, 2024, in Tadjoura, Djibouti. — Luke Dray/Getty Images
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Yemen’s Iran-backed Houthi rebel group said on Monday that it was imposing a naval blockade on Saudi Arabia, as the regional war widens to threaten another key route for global oil supplies after months of disruption in the Strait of Hormuz.
What happened: In a statement on Monday, the Houthis' armed forces said they were declaring "a maritime embargo against the criminal Saudi enemy, based on the........
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