Gulf shipping traffic down after Houthis say they attacked Saudi tanker

Gulf shipping traffic has decreased after the Houthis claimed to have attacked a Saudi tanker. This development is significant as it reflects the ongoing tensions between Saudi Arabia and the Houthi rebels in Yemen. The naval blockade imposed by the Houthis on Saudi Arabia's Red Sea shipping lanes is likely to disrupt global trade and increase shipping costs, potentially impacting the economy and markets.

Read the source report: The Hindu