Citi, DBS Bank Enable Tokenization-powered Instant 24/7 Cross-Border USD Payment
An oil lifeline is under threat, and markets have yet to price in the growing crisis
- Investing Markets
Ramit Sethi- 42 minutes read
Oil futures surge as Houthi threat to Saudi port endangers crucial Red Sea workaround
Updated
Fighters loyal to the Aden-based internationally recognised Yemeni government gathering along the Red Sea shore on Monday. Houthi threats in the area have escalated.
Photo: AFP via Getty Images
Iran-backed Houthis are threatening to choke more oil out of the Middle East, compounding worries about global crude supplies as the U.S. and Iran traded fresh strikes.
The threats escalated on Tuesday, with the Yemeni group, which controls part of the civil-war-ravaged country, warning shipping companies to avoid all Saudi Arabian ports, according to multiple reports.
Invest Market Updates
Energy,Port/Harbor Operations,Fossil Fuels,Hard Commodities,Oil/Gas,Oil,Water Transport/Shipping,Transportation/Shipping,Analyst Comment/Recommendation,Corporate/Industrial News,Political/General News,National/Public Security,Armed Forces,Politics/International Relations,Risk News,Military Operations,Commodity Markets,Energy Markets,Derivative Securities,Commodity/Financial Market News,Crude Oil Markets,Hard Commodities Markets,Content Types,Factiva Filters,C&E Exclusion Filter,Brent Crude Oil Continuous Contract,BRN00,Crude Oil Continuous Contract,CL00,LINK:EN|drn:realtime.linkedarticle.SNCO20260721009370,analyst comment,recommendation,corporate,industrial news,political,general news,national,public security,armed forces,politics,international relations,risk news,military operations,commodity markets,energy markets,derivative securities,commodity,financial market news,crude oil markets,hard commodities markets,content types,factiva filters,c&e exclusion filter,energy,port,harbor operations,fossil fuels,hard commodities,oil,gas,water transport,shipping,transportation
