Saudi Arabia facing 'biggest threat' ever to oil production as Iran-proxy Houthis launch attacks, expert says

The Houthis have launched attacks near the Red Sea's Bab el-Mandeb Strait, a waterway through which Saudi oil shipments pass. An energy analyst assessed this as the largest threat to Saudi oil production since the kingdom's founding in 1932. Saudi Arabia has not released damage assessments or production disruption figures as of the report date.

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