Warning to shipping companies, on top of Iran’s chokehold on strait of Hormuz, may severely affect Saudi oil exports Middle East crisis live – latest updates Yemen’s Iranian-aligned Houthis have warned shipping companies that their tankers risk being attacked if they use Saudi Arabian ports, as the militia moved quickly to enforce a blockade announced the previous day. The Houthi warning for the Red Sea, coming on top of Iran’s threat to shipping on the other side of the Arabian peninsular in the Gulf, could affect the substantial Saudi oil exports that have so far been unscathed by the months-long conflict and deepen the rapidly escalating crisis in the region. Continue reading...