Skip to content
Back to Guavy Wire
Commodities

Houthi Blockade Fails to Stop Saudi Oil Tankers in Bab al-Mandeb Strait

Instruments
Oil
Share

Two Saudi oil tankers have successfully navigated through the Bab al-Mandeb Strait despite threats of a Houthi blockade. The Houthi group, backed by Iran, had announced plans to block ships related to Saudi Arabia, but two vessels carrying approximately 4 million barrels of Saudi crude oil managed to pass through the strait.

The Xin Long Yang, flying the Singaporean flag, and the Cosnew Lake, flying the Hong Kong flag, were tracked by Marine Traffic as they traveled through the Gulf of Aden near the coast of Yemen. This comes after the Houthi group claimed to have attacked two Saudi oil tankers in the Red Sea, allegedly implementing their maritime blockade.

Marisx, a maritime security risk analysis organization, has warned that the Houthis may broaden their definition of what constitutes a 'Saudi-related ship', potentially targeting foreign flag carriers with ties to Saudi commercial interests. Meanwhile, the UK's UK Maritime Trade Operations (UKMTO) reported that international merchant ships have continued to pass through the Red Sea and Bab al-Mandeb Strait without issue.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc