Red Sea Shipping Slows Amid Houthi Attacks on Saudi Oil Installations

Kpler, Lloyd's List Intelligence, The National, BOE Report · Jul 27, 2026 00:00

Ship traffic through the Bab el-Mandeb strait fell to its lowest level in months on July 27, 2026, after Houthi attacks on Saudi oil installations and threats against vessels using Saudi ports. This has led to rerouting of Saudi crude supply to Asian buyers via the Suez Canal, impacting shipping routes and costs.