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Houthis' Oil Blockade Threatens Global Oil Supplies and U.S. Gas Prices
Photo: Raw Story - Celebrating 20 Years of Independent Journalism
2026-07-20 16:38   Conflict   12

Houthis' Oil Blockade Threatens Global Oil Supplies and U.S. Gas Prices

The Houthis, a Yemeni political and military organization, have imposed a maritime blockade on Saudi Arabia, risking the flow of millions of barrels of oil.This move comes in response to Saudi Arabian attacks on Yemen's capital, Sanaa, escalating tensions between the two nations.The blockade threatens global oil supplies, as Saudi Arabia has diverted most of its oil exports through the Red Sea port of Yanbu.Analysts warn that maritime traffic through the Hormuz Strait remains disrupted due to ongoing conflicts between the U.S.and Iran.Oil prices have surged, with U.S.gasoline reaching $4 per gallon for the first time since June 2023.The situation highlights the broader geopolitical tensions involving Iran, Saudi Arabia, and the U.S., with potential economic impacts worldwide.

Full reading at Raw Story - Celebrating 20 Years of Independent Journalism

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