A Saudi oil tanker in the Red Sea was hit in a Houthi attack off Yemen's main port city of Hodeidah, Saudi-owned Al-Arabiya television reported on Tuesday, citing a statement from the Saudi-led coalition.
The Iran-aligned Houthi group said they had targeted a warship of the coalition in the Red Sea in response to an air strike in Yemen's Hodeidah province on Monday.
how does effect Internatioanl Business ?
It can lead to more tension and instability in the international market. The oil supply could get impacted and as a result prices in the international market could go up. It will add fears to the fallout of war between two nations and even chances of further escalation.
A Saudi oil tanker in the Red Sea was hit in a Houthi attack off Yemen's...