world’s largest Oil producer Saudi Arabia has resumed oil shipments through the
strategic Red Sea Shipping Lane of Bab al-Mandeb from August fourth in a sigh
of relief for consumers world over.
Energy Minister Khakud ak Falih said the shipments though this crucial shipping
lane resumed on August fourth. Shipments though this lane remained suspended
since July 26th after the Gulf country’s two oil tankers were
attacked by Yemen’s Iran aligned Houthi Movment.
Saudi official news agency quoting the Energy Minister said the decision to
resume shipping in these lanes was made after the Arab led coalition had
completed all necessary security procedures.
Iran coming under US sanctions in the next three months, Oil consuming nations
including India is largely dependent on Saudi Arabia to meeting the crude