Can the Suez save Asian oil consumers after Houthis shut Bab al-Mandeb?
AI Summary
The closure of Bab al-Mandeb strait by Houthi forces threatens the passage of about 6 million barrels of crude oil per day to Asian consumers, raising concerns over energy supply security. Experts consider whether the Suez Canal could provide relief for Asian oil imports amid the blockade.
About 6 million barrels of crude per day that pass through the strait to Asia are now at risk, experts say.