Houthi attacks on Saudi oil tankers in the Bab el-Mandeb Strait are disrupting Red Sea shipping and adding fresh upward pressure to global oil prices.

Satellite view of the Bab el-Mandeb Strait is a vital trade route linking the Red Sea, Gulf of Aden, Arabian Sea, Suez Canal, and Mediterranean.Gallo Images | Orbital Horizon |…

Houthis declared a naval blockade on Saudi oil exports through the Bab el-Mandeb Strait, threatening 7% of global supply and rattling crypto

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…