• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 8 minutes Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 18 mins The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 7 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 11 hours As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 7 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 16 hours Middle East on brink: Oil tankers attacked off Oman
  • 7 hours Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
  • 10 hours Never Knew Gasoline Prices were this important!
  • 9 hours (Un)expectedly: UK Court Sets Assange U.S. Extradition Hearing For February 2020
  • 1 day Emmissions up, renewables nowhere
  • 1 day Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 4 hours We Are Better Than This
  • 1 day Only one country is contemplating destroying its own resource sector: Canada
  • 8 hours The Latest: Iranian FM Says US Cannot Expect To ‘Stay Safe’
Alt Text

Oil Plunges On Fears Of Weak Demand

Oil prices fell another 4%…

Alt Text

Oil Industry Banks On Shaky Plastic Bet

Oil companies are hedging the…

Alt Text

OPEC+ Has Only One Choice As Oil Prices Slide

With oil prices falling on…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

Houthi Rebels Threaten To Attack Saudi Oil Tankers

The Houthi rebel group in Yemen has threatened to start attacking oil tankers and warships sailing under enemy flag if the Gulf coalition fighting it in the country does not reopen its ports.

The coalition, which is led by Saudi Arabia, which supports Yemen’s elected government, now in exile, closed all borders with the country following a Houthi ballistic missile attack on Riyadh. The Saudi anti-missile defense system intercepted the weapon, but the Saudi government saw the long hand of Tehran behind the attack.

On the grounds that the ballistic missile was supplied by Iran—something that Tehran has denied—Saudi Arabia closed off Yemeni ports to prevent another missile reaching its smaller neighbor, currently deep in the throes of what’s possibly the worst humanitarian crisis the world has seen in decades, not least because of the port closures.

According to the United Nations, the closures could result in the death of millions from famine. Although Saudi Arabia says access of aid workers to the crisis-stricken country is open, aid agencies, according to Reuters, have claimed that they have not been able to enter it.

The Houthis, which are loyal to Yemen’s former president, are currently in control of most of Yemen, despite the two-year war with the Saudi Arabian-led coalition that began in defense of the exiled incumbent, Abd-Rabbu Mansour Hadi. Related: $43 Billion China-Alaska Energy Deal Looks Shaky

The senior leadership of the organization has warned it would launch another attack on Saudi Arabia should the Kingdom decide to attack Yemen’s biggest port, Hodeidah. The attack targets include Saudi oil tankers and oil installations in the Kingdom.

Yemen lies along one of the main global oil chokepoints in the Red Sea. Millions of barrels of crude pass Yemeni shores from the Suez Canal en route to Europe every day. Currently, all ports in Houthi-controlled territory are closed, but two that are located in areas controlled by the pro-Saudi forces are in operation.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment





Oilprice - The No. 1 Source for Oil & Energy News