New worry for oil market: Tankers carrying Saudi crude for India, China make a U-turn in Red Sea on Houthi threats

Jul 22, 2026 - 13:00
New worry for oil market: Tankers carrying Saudi crude for India, China make a U-turn in Red Sea on Houthi threats

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On Monday, the Houthis announced a naval blockade on Saudi Arabia, potentially opening another front in the US-Israeli conflict with Iran and increasing risks to global energy supplies and international trade beyond the Gulf region.

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