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03 AUG 2026 MONDAY
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The Houthi naval blockade on Saudi Arabia has forced a mass rerouting of its crude, tightening global tanker supply and driving up freight rates, traders and analysts have said, adding stress to a global oil market already under strain. Saudi Arabia has increasingly depended on its East-West pipeline as an outlet for its crude, allowing ...
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market_report Hellenic Shipping News ·2026-07-30

Houthi threat triggers tanker crunch as Saudi oil reroutes

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