Saudi tankers reroute via Cape of Good Hope due to Houthi blockade threats. WTI reaching $110 in July 2026 at 1.8% YES.

Houthi rebels block Saudi shipping in the Red Sea. Targeting shipping by July 31 at 49.5% YES; by August 31 at 62.5% YES.

A Chinese oil tanker reversed course in the Red Sea after Houthi threats. Bab el-Mandeb Strait effectively closed by September 30 at 21.5% YES.

Two oil tankers carrying Saudi crude for India and China changed course. Houthi militia warned shipping companies against loading or unloading cargo at Saudi ports. This…