Houthis shut Bab al-Mandeb, putting 6 million barrels of daily Asian oil at risk

Houthi forces have shut down the Bab al-Mandeb strait, putting roughly 6 million barrels of crude oil per day destined for Asia at risk, according to experts. Analysts are examining whether rerouting tankers through the Suez Canal can compensate for the closure and protect Asian energy consumers. The alternative Suez route is longer and more costly, with potential knock-on effects on global oil prices.