EXPLAINED: Houthis Block Saudi Shipping in Red Sea, 2.5M Barrels of Oil at Risk as Tensions Explode!

Yemen’s Iran-backed Houthi rebels announced an immediate maritime embargo against Saudi Arabia on Monday, threatening to block Saudi shipping through the strategic Bab el-Mandeb Strait and risking significant disruptions to global energy markets. Declaring an "eye for an eye" policy in retaliation for alleged Saudi coalition strikes on Sanaa International Airport and a long-standing blockade on Yemen, military spokesman Yahya Saree confirmed the group will target Saudi vessels attempting to transit the Red Sea gateway. The move puts approximately 2.5 million barrels of crude oil per day transported via Saudi Arabia’s East-West Pipeline at risk, compounding pressures on global oil transit as broader regional hostilities continue to restrict passage through the nearby Strait of Hormuz.

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