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Houthis threaten Red Sea blockade, raising oil shipment risk

The threat comes as Saudi Arabia relies on Red Sea routes for oil exports, with the Strait of Hormuz described as effectively closed.

Reported · Written up by our desk · Energy

The New York Times reports that Houthi threats to blockade the Red Sea are increasing risk for oil markets, particularly for shipments that depend on the region.

The outlet said the Strait of Hormuz is effectively closed, leaving the Red Sea as Saudi Arabia’s key workaround for exporting oil.

By putting that alternate route in jeopardy, the threats raise the odds of disruptions to crude flows, a factor that can amplify uncertainty across energy prices.

Latest closeWTI crude $79.00 ▼0.8%

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