GeopoliticsJuly 24 at 08:44 AM

Yemeni National Negotiating Body Head Abdulsalam says Contrary to some claims, the Bab al-Mandab Strait has not been closed, Tasnim reports; The official position of the Yemeni armed forces is limited to a "maritime blockade" against Saudi Arabia

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Yemeni officials clarify the Bab al-Mandab Strait is open but under a maritime blockade against Saudi Arabia, fueling oil price volatility and benefiting non-Middle East energy firms like COP and OXY.

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Yemeni National Negotiating Body Head Abdulsalam says Contrary to some claims, the Bab al-Mandab Strait has not been closed, Tasnim reports; The official position of the Yemeni armed forces is limited to a "maritime blockade" against Saudi Arabia

What do investors think?

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