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Houthis Disrupt Red Sea Oil Shipping, Raise Costs

3/31/2026

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Story summary
  • The Houthis, an Iran-backed militant group, have significantly disrupted oil shipping through the Red Sea.
  • Their attacks deter many shipping operators, forcing longer and costlier routes around Africa.
  • A ceasefire in late 2025 paused attacks to regroup, while the Houthis remain a shipping threat.
  • Saudi Arabia relies on these routes for oil exports, with shipments through the Red Sea port reaching about 70% of pre-war levels.