The world, hungry for oil, got a modest reprieve earlier this month when Saudi Arabia began diverting millions of barrels of crude — ordinarily destined for ships transiting the blockaded Strait of Hormuz — to its Red Sea port of Yanbu.
But over the weekend, Iran-backed Houthi militants entered the war in an escalation that threatens to sever even that lifeline. edition.cnn.com/2026/03/30/business/saudi-...