The Economic Times

Saudi Arabia faces fresh Red Sea threat as Houthi gains, pipeline shutdown rattle kingdom

Houthi rebels are advancing, threatening a vital Red Sea shipping route. Drone attacks have forced a major pipeline closure, impacting global markets. Saudi Arabia faces setbacks in its economic transformation efforts due to regional conflicts. The kingdom's efforts to ensure navigation freedom are challenged by Houthi actions. US support for Saudi Arabia remains unpredictable amid domestic political considerations.