Houthis threaten Saudi sea blockade as Red Sea oil route comes under strain
Why it matters: Bab el-Mandeb carried 7.4 million barrels a day in June, making it a key fallback route after Hormuz disruptions.
Why it matters: Bab el-Mandeb carried 7.4 million barrels a day in June, making it a key fallback route after Hormuz disruptions.
Why it matters: Brent settled at $88.10 and both crude benchmarks gained about 16% for the week as tanker traffic faced new risks.
It is the first direct Iranian strike on Saudi territory in four months, following the end of seven nights of U.S. military operations in Iran.
Why it matters: Brent closed at $88.10 and WTI at $82.49, with both benchmarks up about 16% for the week.
Why it matters: A renewed threat on the Red Sea route could deepen shipping and energy disruption as the Strait of Hormuz remains shut.
Series: Israel · Iran Missile Retaliation · 6 chapters since Jun 8