Red Sea traffic drops to 11 ships after Houthi strike on Saudi oil
Why it matters: Disruption at Bab el-Mandeb and Hormuz has pushed physical crude prices in three regions to two-month highs.
The Business Times (Singapore), The Straits Times +1
Series
Saudi Arabia · Houthi Red Sea Escalation
Saudi strikes 2 Houthi sites in Hodeidah, 2 injured
The strikes follow Houthi threats to commercial shipping and could heighten tensions as the Red Sea grows vital to Saudi oil exports.
CNN Indonesia, The Business Times (Singapore) +5
Iran Rejects Military Intervention in Saudi-Houthi Conflict
Tehran said the Bab Al Mandab incident stems from long-running regional disputes, as the Houthi blockade disrupts Saudi oil supplies.
Houthi attacks on Saudi oil routes deepen Red Sea war risks
Why it matters: The strikes hit Saudi export routes as Hormuz traffic remains near a halt, tightening pressure on global oil supply.
Houthis hit Aramco site in Jizan as Saudi-Yemen fighting widens
Why it matters: The exchange threatens Red Sea oil shipping as Houthi attacks on Saudi tankers add to pressure around Hormuz.
The Straits Times, Bloomberg +1
Saudi strikes hit Hodeidah after Houthi attacks on Red Sea tankers
What's next: The exchange threatens a wider Saudi-Houthi escalation and raises risks for shipping through the Red Sea.
The Straits Times, CNBC
Indonesia condemns Houthi attack on 2 Saudi tankers in Red Sea
The Foreign Ministry said the attack violated international maritime law and threatened global trade and regional stability.
2 China supertankers carrying 4 million barrels clear Bab Al Mandab
Despite the Houthi blockade, shipping through the Red Sea fell only to 27 from 38 this week, not a full shutdown.
Bloomberg