Saudi Arabia has shifted large amounts of its oil shipments to the Red Sea since the start of the Iran war, according to reports. However, the Iranian-backed Houthi militants in Yemen have announced plans to block this alternative route, raising concerns about global oil supplies.
The Red Sea is a key waterway for oil tankers heading to the Suez Canal, which connects to European markets. By diverting oil to the Red Sea, Saudi Arabia aimed to avoid potential disruptions in the Persian Gulf. The Houthis, who control parts of Yemen, have previously attacked ships in the region using missiles and drones.
The threat comes amid heightened tensions in the Middle East. The Houthis are aligned with Iran, which has been involved in conflicts with Saudi Arabia and its allies. The militants say they intend to stop oil shipments through the Red Sea, though it is unclear how they plan to do so.
If the Houthis succeed, it could affect global energy markets. The Red Sea route handles a significant portion of the world's oil trade. Saudi Arabia has not officially commented on the threat. Analysts say the situation could lead to higher oil prices if shipping is disrupted.
The development adds to instability in the region, where multiple conflicts are ongoing. The Houthi announcement is the latest in a series of actions that have endangered maritime security.