Red Sea blockade worsens Asia's energy crisis as oil supplies come under pressure
Governments across Asia are scrambling to secure oil supplies after Yemen's Houthis launched a blockade of Saudi Arabian shipping through the Bab al-Mandab strait. The move has added fresh pressure to an already strained regional energy market, with the Red Sea now facing another major disruption to maritime trade. The chokepoint sits at the southern entrance to the Red Sea and is a key route for oil moving from the Gulf toward Asia.The reported blockade comes as Japan, South Korea, the Philippines, Thailand and Indonesia remain heavily dependent on Middle East oil, with some countries relying on the region for... [Continue Reading]
360LiveNews | 28 Jul 2026 03:00 LONDON
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Tankers make sharp U-turns after Houthi shipping threat near Yemen
At least seven oil tankers have turned back close to Yemen after the Houthi group announced a maritime embargo against Saudi Arabia on Monday. Ship-tracking data shows the vessels were either heading to or from Saudi ports when they changed course. The moves come amid renewed concern over traffic through the Red Sea and the Gulf of Aden, two of the world's most important shipping routes.The ships altered course after the embargo announcement, according to the tracking data cited by maritime analysts. One crude oil tanker loaded with Saudi crude left the Red Sea port of al-Muajiz on Monday evening... [Continue Reading]
360LiveNews | 22 Jul 2026 16:30 LONDON
