10 hrs ago

India Voices Concern Over Houthi Threat to Saudi Oil

India Voices Concern Over Houthi Threat to Saudi Oil
India Voices Concern As Houthis Threaten Saudi Arabia's Last Oil Lifeline · timesnownews.com

India has expressed concern about a threat involving the Houthis and Saudi Arabia’s oil supply.

The Houthis have been moving toward an important strait.

They have also captured several strategic islands.

On the same day, a separate attack knocked out Saudi Arabia’s east-west pipeline.

Saudi Arabia blamed Iran-backed fighters in Iraq for that attack.

The article describes the pipeline as a major oil lifeline.

Its closure could reduce the world’s oil supply by as much as 4%.

Fixing and restarting it could take several weeks.

This is why the situation could affect oil supplies in many countries.

Key facts

Houthi activity
The Houthis have been advancing toward a key strait.
Territorial gains
The Houthis captured multiple strategic islands.
Pipeline incident
A separate attack knocked out Saudi Arabia’s east-west pipeline.
Saudi attribution
Riyadh blamed Iran-backed fighters in Iraq for the attack.
Potential supply impact
The closure could cut off as much as 4% of global oil supply.
Expected restart time
Restarting the pipeline could take weeks.
India’s position
India voiced concern over the developments.

Sources

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