Saudi tanker diverts to Suez Canal amid Houthi threats. WTI reaching $110 in July 2026 at 0.5% YES.

Attacks on vessels have forced the kingdom to seek longer, costlier routes to Asian buyers

Saudi Arabia faces a challenge rerouting oil exports due to Houthi attacks. An existing pipeline bypasses the Strait of Hormuz, but a new detour is needed. This new bypass…