Saudi Arabia To Resume Oil Exports Through Red Sea Lane

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Saudi Arabia To Resume Oil Exports Through Red Sea Lane

DUBAI – Top oil exporter Saudi Arabia said on Saturday it would resume all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb, the state news agency SPA reported.

Saudi Arabia halted temporarily oil shipments through the lane on July 26 after attacks on two big oil tankers by Yemen’s Iran-aligned Houthi movement.

SPA quoted Energy Minister Khalid al-Falih as saying: “The decision to resume shipping of oil through Bab al-Mandeb comes after all necessary procedures were taken by the coalition leadership to protect ships of the coalition countries.”

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