Houthi blockade of Red Sea disrupts Saudi oil exports and global shipping routes

Houthi militants are reportedly blocking Red Sea shipping lanes, forcing tankers to divert around Africa and impacting Saudi oil exports. The report claims this follows a parallel closure of the Strait of Hormuz by Iran, though the latter remains unverified and represents a significant escalation in regional maritime security. The situation is driving up global energy costs and increasing logistical overhead for international trade.