Business

Another oil shock loading for India? How Red Sea route disruptions may hit not only Saudi, but also Russian crude supply

Iran-backed Yemeni group, the Houthis, have threatened a maritime blockade on Saudi Arabia. What this essentially means is that Saudi Arabia’s crude oil exports are set to be hit. And India which gets a big portion of its crude imports from the Middle East country.

Leave a Reply

Your email address will not be published. Required fields are marked *