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Saudi Arabia reroutes oil exports as Houthi strikes target Yanbu; Hormuz traffic collapses
OilPrice.com·SA · YE·about 22 hours ago
Only 12 ships transited the Strait of Hormuz over the weekend, a dramatic drop from normal levels, with several vessels disabling AIS transmitters. This indicates heightened threat perception and possible covert movement, likely due to regional military escalation. The collapse in traffic signals a de facto disruption of a critical energy chokepoint, with implications for global oil supply and shipping insurance.
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