This week's attack by Houthi rebels on Red Sea tanker traffic means gasoline prices are going higher again, possibly for longer than anyone expects.

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.

Houthis declared a maritime blockade against Saudi Arabia on July 20, 2026, sending tankers into U-turns and threatening oil prices above $100