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Houthi attacks close Red Sea strait and Saudi pipeline

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Story summary
  • Houthi rebels seized the Bab al-Mandeb Strait, a Red Sea shipping lane.
  • Saudi Arabia’s 745-mile East-West oil pipeline was struck, shutting it down for weeks.
  • Oil prices rose to $108 a barrel on Tuesday after attacks.
  • Saudi crude exports fell half to 2.5 million barrels daily, leaving Yanbu with five-to-seven days capacity.
  • President Donald Trump said he would not provide the U.S. military aid Crown Prince Mohammed bin Salman requested.