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The Economic Times

Economy / The Economic Times

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Saudi Arabia seeks coalition to secure Red Sea shipping

Saudi Arabia is seeking an international coalition to safeguard Red Sea shipping lanes. This initiative aims to counter ongoing Houthi attacks which threaten commercial vessels. The Houthis previously declared a naval blockade against Saudi Arabia in the Red Sea. Riyadh has responded with air strikes targeting Houthi military facilities. These actions have opened a new front in regional conflicts and impacted oil prices.

30 Jul 2026 7:45 am