Saudi Arabia shifts oil exports to the Suez Canal amid regional tensions. WTI reaching $110 in July 2026 at 9.6% 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.

Houthi threats to Saudi oil exports escalate, risking global supply. WTI reaching $110 in July 2026 at 2% YES.

Shipping disruptions are emerging in key Middle East oil transit routes. Concerns are rising as vessels alter voyages due to security risks. The Strait of Hormuz and Red Sea are…