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World

Tankers Divert to Egypt as Houthi Threat Disrupts Red Sea Oil Trade

Empty supertankers are rerouting to Egypt's Mediterranean port of Sidi Kerir to load Saudi crude, as Houthi militant threats in the Red Sea disrupt key shipping routes. Observable traffic at Saudi Arabia's main Red Sea export terminal has fallen sharply, according to reports. The change forces tankers to take a longer route around Africa or via Egypt's pipeline system, bypassing the Red Sea entirely. The Saudi export hub had become crucial after the Iran war, allowing the kingdom to avoid the Strait of Hormuz. Now, Houthi attacks on vessels in the Red Sea are prompting shippers to seek safer alternatives. Egypt's Sidi Kerir port, connected to the Sumed pipeline, offers a way to move crude from the Red Sea to the Mediterranean without passing through the danger zone. The shift highlights how regional conflicts continue to reshape global oil trade flows.

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