Saudi Crown Prince Seeks Egyptian Support Amid Houthi Attacks on Oil Routes
Saudi Arabia's Crown Prince Mohammed bin Salman is seeking support from Egyptian President Abdel-Fattah el-Sissi as Houthi attacks on Saudi shipping and infrastructure have driven a surge in global oil prices.
The Houthi rebels, backed by Iran, have captured more territory in Yemen over the past week and strengthened their ability to choke off Saudi oil exports through the Red Sea.
The East-West Pipeline, Saudi Arabia's biggest pipeline, was damaged in an attack reportedly carried out by Iran's allied militias in Iraq, and will be largely shut down for weeks as it is repaired, taking several million barrels of oil a day off the market.
Crown Prince Mohammed bin Salman met with President el-Sissi to discuss their shared commitment to ensuring freedom and security of maritime navigation in the Red Sea and Bab el-Mandeb Strait.