Huthi blockade threat raises risk of dual energy chokepoint crisis, Kpler says
Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2021/Getty Images/File A threat by the Iranian backed Houthis to blockade Saudi-linked shipping in the Bab el-Mandeb Strait has raised the prospect of the Middle East’s two key energy chokepoints coming under pressure at the same time, shipping analytics firm Kpler warned Tuesday.
Kpler said the Houthi threat is especially significant because Saudi Arabia has increasingly used the Red Sea route as a fallback for exports after disruption in the Strait of Hormuz.” Saudi crude loadings through the strait fell 34% in two weeks, dropping from 29.
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