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Saudi Arabia's decision to suspend crude oil deliveries through the Bab al-Mandab crossing has prompted many reactions, according to the British Financial Times, which would slow down the arrival of crude oil on the United States. two major oil markets of Europe and the United States.
The Wall Street Journal views the movement as a new escalation in the war against the Houthi group. Saudi Energy Minister Khalid al-Faleh has announced that the kingdom will suspend all oil shipments through the Bab al-Mandab crossing to ensure the safety of shipping, after the Houthis have targeted Wednesday two oil companies belonging to the Saudi company Al Bahri.
Forbes described the procedure as "outstanding", especially as the Red Sea was a very important loading route, warning that any disruption of transportation would give the European force, the United States and the United States the same power. Egypt a reason to intervene to protect their interests. [1945905] The Bloomberg news agency went in the same direction, stating that the ruling was an "exceptional" measure from Saudi Arabia, said Richard Malinson, a geopolitical badyst at London consulting firm Astic Aspects Ltd. That the finger of accusation directed against Iran is the only supporter of the Houthi group, p Although there may be an excessive dependence of the influence of Iran on the group.
The US Energy Information Administration sees the closure of the Strait, which is only 18 miles wide, will force ships from Saudi Arabia, Kuwait and the UAE to sail south into Africa from South.
According to data from the International Energy Agency in 2016 – the latest reliable data on cross-strait oil shipments, 4.8 million barrels of crude oil and petroleum products pbad through daily the Strait, 2.8 million north to Europe, 2 million more from Europe to the Middle East and Asia. The Strait is an important route for refined European petroleum products destined for world markets.
Despite the importance of the strait for international oil flows, Bab al-Mandab is much smaller than the Strait of Ormuz, which rose to 18.5 million barrels per day in 2016, according to the evaluation report of the International Energy Agency. The Iranian Revolutionary Guards have recently threatened to stop shipments by Hormuz in response to US sanctions
Al-Khobar (International newspapers in response to the suspension of Riyadh's oil deliveries: Europe and America without oil and new escalation of war) We are currently online and are not responsible for its content.
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