This puts 7m barrels of oil a day at risk.
The three mitigations for the Strait of Hormuz closure: China reduced imports, governments tapped oil reserves, and the Saudis increased exports through the Red Sea. China is a wild car. The oil reserves are almost played out. And now this.
aljazeera.com
Yemen’s Houthis declare naval blockade of Saudi Arabia: What to know
Yemeni group says the announcement is based on the principle of 'an eye for an eye'.
