Explainer: How Houthi Red Sea attacks could impact global oil markets | TheBriefWire
Explainer: How Houthi Red Sea attacks could impact global oil markets
Published 5 August 2026 · india
Yemen's Houthi group has claimed attacks on two Saudi oil tankers, near Yanbu port in the Red Sea and in the Gulf of Aden, following
Yemen's Houthi group has claimed attacks on two Saudi oil tankers, near Yanbu port in the Red Sea and in the Gulf of Aden, following last month's announced naval blockade on Saudi shipping.
The Bab el-Mandeb Strait, just 29 kilometres wide at its narrowest point, carries roughly 66% of Saudi oil cargo and accounts for 10-12% of global trade.
Renewed threats could force tankers onto longer alternative routes, adding weeks to journeys and driving up freight and fuel costs worldwide. Al Jazeera's Laura Khan explains.
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Published: August 6, 2026 • 4:28 AM IST · Updated: August 6, 2026 • 5:08 AM ISTBy TheBriefWire Editorial Team
Key points· Video
Yemen's Houthi group has claimed attacks on two Saudi oil tankers, near Yanbu port in the Red Sea and in the Gulf of Aden, following last month's announced naval blockade on Saudi shipping.
The Bab el-Mandeb Strait, just 29 kilometres wide at its narrowest point, carries roughly 66% of Saudi oil cargo and accounts for 10-12% of global trade.
Renewed threats could force tankers onto longer alternative routes, adding weeks to journeys and driving up freight and fuel costs worldwide.
Al Jazeera's Laura Khan explains.
Find us on Check our website Check out our Instagram page Download AJE Mobile App
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