Al Jazeera·3 min read·medium
As oil soars, experts watch Red Sea tankers for clarity on Houthi blockade
M
Megha Bahree
✦AI Summary
Oil prices have surged past $100 a barrel following a Houthi-imposed naval blockade in the Red Sea targeting Saudi, Israeli, and US-linked tankers. Experts are monitoring which vessels are permitted to pass through the Bab el-Mandeb strait to gauge the impact on global crude market trends.
Houthi blockade for now is shaping who moves Saudi crude, not whether it moves, analysts say, even as oil prices soar.
economyworldbusiness
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