Another oil shock loading for India? How Red Sea route disruptions may hit not only Saudi, but also Russian crude supply

Jul 21, 2026 - 19:30
Another oil shock loading for India? How Red Sea route disruptions may hit not only Saudi, but also Russian crude supply

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Iran-backed Yemeni group, the Houthis, have threatened a maritime blockade on Saudi Arabia. What this essentially means is that Saudi Arabia’s crude oil exports are set to be hit. And India which gets a big portion of its crude imports from the Middle East country.

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