In a strategic redirection, two oil tankers loaded with Saudi crude for China and India have made U-turns in the Red Sea. Initially headed towards Asia, the tankers rerouted for the Suez Canal to circumvent the Yemeni coast following a cautionary message from the Iran-backed Houthi militia. This maneuver underscores a potential second disruption after the closure of the Strait of Hormuz. The Houthis had declared a naval blockade against Saudi Arabia on Monday, intensifying threats to global energy supplies. The group cautioned shipping firms against engaging with Saudi ports, warning of possible targeting. The rerouting is a calculated response…
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