Saudi Tankers Turn Back in Red Sea Under Houthi Warning
🚢 RED SEA — The Hormuz bypass just closed. Two tankers proved it. 📌 LOOK CLOSER: Houthis have blockaded Saudi ports for weeks, but tanker U-turns confirm enforcement reached Saudi crude exports directly. With Hormuz at 6 daily transits and Red Sea now rejecting Saudi cargo, both primary Gulf export corridors are simultaneously compromised. No viable bypass remains. Oil markets have no rerouting argument left to price in.