Closure of Bab el-Mandeb Strait by Houthis to deal blow to container shipping market According to Vice President of the Russian International Affairs Council Mikhail Margelov, this event would not have a critical impact on oil supplies MOSCOW, July 15. /TASS/. A potential blockade of the Bab el-Mandeb Strait by Yemen’s rebel Ansar Allah movement (the Houthis) would deal a serious blow to the container shipping market via the Suez Canal, Vice President of the Russian International Affairs Council Mikhail Margelov told TASS, adding though that it would not have a critical impact on oil supplies. “The closure of the…
Source: TASS Economy
