Asian refiners look to Suez Canal to move Saudi oil amid Houthi shipping threats
Asian refiners are weighing a longer Suez Canal route as 2 tankers carrying 2.8 million barrels reversed course, Kpler said.
- Asian refiners are weighing an exceptionally long Suez Canal route for Saudi crude after the Houthis announced a naval blockade, forcing tankers including the Rodos and Xin Long Yang to turn north from Bab al-Mandeb.
- The Houthis announced a naval blockade of Saudi Arabia on Monday, threatening a "siege" in retaliation for an attack on Sanaa International Airport, following their 2023–2025 campaign that disrupted regional shipping.
- Kpler analyst Homayoun Falakshahi warned that fully laden VLCCs cannot transit the Suez Canal, requiring a shift to smaller Suezmax tankers or lightering; voyages from Yanbu to South Korea would extend from about 24 to roughly 54 days.
- India faces the steepest exposure, relying on Bab al-Mandeb for over half its crude imports; the Philippines imports 37 percent and South Korea 31 percent through the same corridor, leaving major Asian economies vulnerable.
- Simultaneous disruptions at Hormuz and Bab al-Mandeb could tighten global crude supplies and push oil prices above $100 a barrel, leaving Asian consumers with limited alternatives and exposing fragility in energy supply chains.
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Houthi blockade adds pressure to oil markets
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Asian Refiners Seek To Move Saudi Crude Via Suez Canal Route After Houthi Naval Blockade
Image for representation purposes only Asian refiners are looking at moving Saudi crude through the Suez Canal and around Africa after Yemen’s Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia. On Tuesday, two oil tankers carrying Saudi crude to Asia turned back in the Red Sea after Houthi threats, while vessel traffic through the Strait of Hormuz fell further at the start of the week. Industry experts and analysts sai…
Asian refiners look to Suez Canal to move Saudi oil amid Houthi shipping threats
Asian refiners are seeking to ship crude oil from Saudi Arabia's Red Sea port through the Suez Canal and around Africa after Yemen's Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia.
SUEZ CAN’T SAVE ASIA. THE RED SEA ROUTE IS A TRAP
SUEZ CAN’T SAVE ASIA. THE RED SEA ROUTE IS A TRAP. The Houthis declared a naval blockade on Saudi Arabia. Two Saudi tankers heading to Asia turned back and headed for the Suez Canal. But the Suez Canal is not a solution. It is a shortcut that only works for ships heading to Europe or […] The post SUEZ CAN’T SAVE ASIA. THE RED SEA ROUTE IS A TRAP first appeared on The Zambian Observer.
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