Archive for tag: Oil prices


Yemen Conflict Risks One of World’s Busiest Shipping Lanes

21:50, 27 Март 2015

LONDON, March 26 (Reuters) – Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia. Oil prices rose as much as 6 percent on Thursday after neighbouring Saudi Arabia and its allies launched air strikes on Yemen that targeted Iran-backed Houthi rebels fighting to oust Yemen’s president. The...

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