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Kuwait mulls halting oil exports via Bab Al-Mandeb

Kuwait mulls halting oil exports via Bab Al-Mandeb
Kuwait mulls halting oil exports via Bab Al-Mandeb

Mubasher: Kuwait is currently considering suspending its oil exports through Bab Al-Mandeb strait, an official told Reuters on Thursday.

The news follows a suspension of oil exports by neighbouring Saudi Arabia, after two of its oil tankers were attacked by Houthis in the Red Sea.

“All oil shipments passing through Bab Al-Mandab Strait have been suspended temporarily until navigation through the area is secure,” energy minister Khalid Al-Falih told the Saudi Press Agency (SPA) late Wednesday.

“All options are possible but there is nothing confirmed so far,” Kuwait Oil Tanker Company (KOTC) chairman Badr Al-Khashti told Reuters, highlighting that no decision has been taken yet.