Tankers divert to Egypt as Houthi threat upends Red Sea trade

AI Summary

Tankers are diverting to Egypt due to the threat posed by Houthi forces, disrupting Red Sea trade. The Saudi export hub has gained importance since the Iran war began, helping Saudi Arabia bypass the Strait of Hormuz.

The Saudi export hub became crucial after the Iran war started, allowing the kingdom to bypass the Strait of Hormuz.