This week, three Saudi oil tankers carrying crude for India and China made a U-turn in the Red Sea amid the ongoing crisis. The oil tankers - the Xin Long Yang, the Rodos and the Amazon - made a U-turn after the Houthis declared a naval blockade against Saudi Arabia, opening a new front in the US-Israeli war with Iran.
The move has raised concerns over global energy supplies.
Also Read: India loses Russia oil discount as Red Sea, Hormuz risks upend crude markets
In the long term, blockades in both the Strait of Hormuz and the Bab al-Mandeb have the potential to hurt India.
The Houthis, in an email sent to shipping companies, warned them not to load or discharge cargo at Saudi Arabian ports and said such activity may result in being targeted "in any location." The Houthis control northern Yemen, including the coast of the Bab al-Mandeb, the strait at the mouth of the Red Sea.
After the blockade of the Strait of Hormuz, Saudi Arabia's Red Sea port of Yanbu has become the main alternative route for West Asian oil, enabling exports of millions of barrels a day. Reports of the planting of mines have further complicated the passage of commercial vessels through parts of Hormuz.
Also Read: Houthis claim attacks on Saudi tankers in Red Sea, raising risk of new chokepoint in Iran war
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