Iran-allied Houthi rebels in Yemen announced a blockade of Saudi shipping through the Red Sea. Kpler analyst Muyu Xu said this raises fears of a sharp spike in

Crime News • 2026-07-21 11:30 UTC • By Billy Odell Tucker-Robinson

Iran-allied Houthi rebels in Yemen announced a blockade of Saudi shipping through the Red Sea. Kpler analyst Muyu Xu said this raises fears of a sharp spike in global oil prices, as that route carries 90% of Saudi Arabia's oil output [▻](https://video.twimg.com/amplify_vi…

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