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Saudi Arabia Halts Red Sea Oil Shipments after Houthi Attacks
(Bloomberg) Javier Blas - Saudi Arabia temporarily halted oil shipments via the Bab el-Mandeb Strait at the southern tip of the Red Sea after two of its tankers were attacked by the Iranian-backed Yemeni Houthi militia. One vessel suffered minor damage, but there were no injuries or spills. The waterway allows for exports to Europe via the Suez Canal.