The Houthis: a new threat to oil supplies - The Week
Source: The Week
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DW NOTE
The Houthis began attacking Red Sea shipping in October 2023. By 2026, with the Strait of Hormuz just reopened after a four-month Iranian blockade and global oil supply down 6%, calling them a "new threat" is two and a half years late and analytically blind to the actual supply shock underway.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu