Economic Times | Why is Saudi halting oil shipments through the Red Sea? Economic Times The suspension of Saudi shipments - with the implied threat of higher oil prices - may also be aimed at pressuring European allies, who have continued to support the nuclear deal with Iran following the U.S. withdrawal in May, to take a stronger stance ... Saudis Won't Suspend Oil Exports To The West EXPLAINER-Why is Saudi halting oil shipments through the Red Sea? Oil prices edge higher but trade row caps gains |