Al Jazeera·3 min read·medium
Can the Suez save Asian oil consumers after Houthis shut Bab al-Mandeb?
C
Caolán Magee
✦AI Summary
Houthi blockades in the Bab al-Mandeb strait are forcing Saudi oil tankers to consider longer, more expensive routes around Africa to reach Asian markets. This disruption threatens to increase global oil prices and highlights the vulnerability of energy supply chains in the region.
About 6 million barrels of crude per day that pass through the strait to Asia are now at risk, experts say.
economybusinessworld
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