New worry for oil market: Tankers carrying Saudi crude for India, China make a U-turn in Red Sea on Houthi threats

The Houthis control northern Yemen, including the coastline along the Bab el-Mandeb Strait at the southern entrance to the Red Sea. (Satellite image of Bab el-Mandeb by Reuters) Red Sea oil supply disruptions have begun! Three tankers carrying Saudi Arabia crude oil that were bound […]