Asia’s oil buyers face US$100-per-barrel risk as Houthis threaten Saudi blockade
About this episode
The episode discusses the risks faced by Asia's oil buyers due to potential disruptions in maritime chokepoints caused by Houthi threats against Saudi Arabia.
Asia’s oil buyers are facing the risk of a second maritime chokepoint being disrupted after Iran-aligned Houthi militants threatened to impose a naval blockade on Saudi Arabia, even as shipments through the Strait of Hormuz remain severely disrupted by the US-Iran conflict. Analysts said any serious disruption in the Bab el-Mandeb Strait could leave Asia with fewer alternatives for Middle Eastern crude, threatening Saudi shipments and increasing the risk of oil prices rising above US$100 per...
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