According to channelnewsasia, HOUSTON, July 21: Asian refiners are seeking to ship crude oil from Saudi Arabia's Red Sea port through the Suez Canal and around Africa after Yemen's Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia.The move marks the latest redirection of oil flows due to the U.S.-Israeli war wi.
Developing5+ sources reporting?
Asian refiners reroute Saudi crude via Suez as Houthi blockade threat looms
Escalating Houthi threats force Asian buyers to abandon direct Red Sea passages, adding transit time and insurance costs to already strained energy supply chains.
CL=FWTI Crude (front month)
