Saudis Oil Logistics Roiled Again by Houthis’ Red Sea Threat

Saudis Oil Logistics Roiled Again by Houthis’ Red Sea Threat Saudi Arabia is yet again being forced to overhaul how its oil gets to customers around the world as Yemen’s Houthis make it harder for Riyadh to use a backup route that’s been vital to the global economy since the Iran war started. The top exporter is sending oil tankers thousands of miles around Africa to collect cargoes with its oil moving in the opposite direction on the arduous route. Millions of barrels of the kingdom’s crude are being shuttled north across the Red Sea, avoiding a narrow strait near Yemen at the southern end of the Red Sea. China, meanwhile, is being offered Middle East shipments for collection just outside the Persian Gulf.