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The Houthis are blockading Saudi oil shipments out of the Bab al-Mandab, closing off another maritime chokepoint in the Middle East and threatening to exacerbate continuing supply chain issues. So why is this happening now and what impact will it have?
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Sources:
Houthi statement
https://x.com/MenchOsint/status/2079220690163585416/photo/1Â
Alternative export routes
https://www.kpler.com/es/blog/beyond-hormuz-the-pipeline-routes-that-could-reshape-gulf-oil-flowsÂ
https://www.bloomberg.com/news/articles/2026-04-24/saudi-arabia-s-hormuz-oil-bypass-is-yet-to-maintain-full-exportsÂ
https://x.com/LLequeu/status/2079396251934793920/photo/1Â
Suez’s viability as a pressure valve for Bab al-Mandab
https://www.reuters.com/business/energy/houthi-red-sea-blockade-would-lift-oil-prices-workarounds-could-limit-impact-2026-07-20/Â
Stockpile data
https://www.bloomberg.com/news/articles/2026-05-09/iran-war-is-draining-world-s-oil-buffer-at-unprecedented-paceÂ
Context on Houthi-Saudi relations
https://www.ft.com/content/97389cc7-7c83-496e-a2d2-72a1eb574281?syn-25a6b1a6=1
