All articles tagged with #houthi blockade
Oil climbs past $100 a barrel as Yemen's Houthis declare a naval blockade at Bab el-Mandeb, forcing markets to watch which ships can pass through the Red Sea and how Saudi crude flows and diesel supplies may be affected, with analysts cautioning that enforcement is unpredictable and prices hinge on chokepoint dynamics, China’s role, and refining capacity.
Saudi Arabia condemned the Houthis’ vow to impose a maritime blockade on its shipping via the Bab al-Mandeb chokepoint and said it would take all necessary measures to protect vessels, as the Red Sea route comes under threat amid the broader Iran–US-Israel conflict. If enacted, the blockade could disrupt up to 25% of the world’s oil and gas supplies, risking higher prices and inflation for major buyers such as China, India, and Europe and complicating global energy markets.