Yemen shut its major seaports on Thursday, industry and local sources said, after neighbouring Saudi Arabia and Arab allies struck the Iran-allied Houthi forces who have been fighting Yemen's Western-backed president.  "All major seaports were shut down on Thursday due to the rising conflict," said an industry source. Local sources in Yemen confirmed the closure.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Yemen exports about 1.4-1.5 million barrels of Masila crude each month, mainly to China.