Saudi Oil Reroute Now Costs $5 Million Extra Per Shipment as Houthis Block Red Sea

 

Credit: Ojas Narappanawar

Saudi Aramco tankers are sailing thousands of extra miles around Africa. Each voyage now costs an additional $5 million. The reason is simple: the Houthis have declared a maritime embargo against Saudi Arabia, and the kingdom’s Red Sea lifeline is no longer safe.

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Source: BREAKBULK.NEWS™