Saudi Crude Flow From Red Sea Hit Record Before Houthi Warning
Bloomberg tanker tracking showed 5.9 million barrels a day from Yanbu before Houthi threats and coalition measures to protect Red Sea shipping.
- Saudi Arabia shipped an unprecedented 5.9 million barrels of crude oil daily from Yanbu terminals in the week through July 17, just before Houthis announced a blockade of the kingdom's shipments.
- The rerouting of crude from the Persian Gulf to Saudi Arabia's Red Sea coast has stabilized global prices during Iran tensions, but now faces disruption as Yemen-based Houthis cite Saudi siege on Sana'a as justification for the blockade.
- Oil futures traded near $89 a barrel on Tuesday, with export flows declining to 5.5 million barrels daily by July 20; Houthis warned ship owners via email against calling at Saudi ports.
- Shipping operations persist at Saudi Arabia's Red Sea ports despite Houthi threats, with Asian buyers maintaining tanker deployments, while Saudi energy ministry officials declined immediate comment on the blockade risk.
- A successfully enforced Houthi blockade at the Bab el-Mandeb Strait could trigger a crude price rally and disrupt global energy markets, as a Saudi-led coalition began implementing operational measures Monday to protect the chokepoint.
19 Articles
19 Articles
Iranian Minister meets mediator in Pakistan +++ Oil tankers with Saudi crude oil turning off in the Red Sea +++ Syria stops arms delivery to Lebanon +++ The newsblog.
For nearly five months, as the war between the United States and Iran spread to different parts of the Middle East, Yemen remained on the sidelines - or nearly so - of direct conflict.
Saudi oil exports have so far been shipped over the Red Sea. If the Huthi now close the "Gate of Tears" for the tankers, the disaster that Trump started with this war would be exacerbated.
Saudi Crude Flow From Red Sea Hit Record Before Houthi Warning
The Houthis of Yemen, aligned with Iran, announced that they would impose a naval blockade on Saudi Arabia. Meanwhile, Washington maintains attacks on Iran.
Saudi Arabia Takes Measures to Protect Ships in Red Sea in Response to Houthi Naval Blockade Saudi Arabia announced that it will take all necessary measures to protect vessels passing through the Bab el-Mandeb Strait, the entrance to the Red Sea, in response to the threat of a naval blockade by the pro-Iranian Houthi rebels in Yemen. According to the Saudi state-run SPA news agency, Saudi-led a
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