Saudi Arabia Reroutes Record Oil Exports Via Red Sea Amid Hormuz Blockade, Houthi Threat Looms

Saudi Arabia is aggressively rerouting crude oil exports through its Red Sea ports to bypass the blockaded Strait of Hormuz, with shipments from Yanbu port doubling in two weeks to 4.4 million barrels per day. This strategic shift mitigates the disruption in the Persian Gulf but exposes a significant volume of global oil supply to new threats from Yemen's Houthi militants, who have warned their 'fingers are on the trigger.' Oil markets are now caught between relief from the partially restored supply and anxiety over a new chokepoint.