Skip to content
Back to Guavy Wire
Commodities

Houthis Fire Ballistic Missiles at Saudi Oil Tanker, Escalating Red Sea Blockade

Instruments
Oil
Share

The Houthi rebels in Yemen have escalated their campaign against Saudi Arabia by firing ballistic missiles at a Saudi-flagged oil tanker in the Red Sea. The attack, which occurred on July 28, marks the latest strike in the group's efforts to enforce a naval blockade it declared against Saudi Arabia earlier this month.

The Houthi military spokesman, Yahya Saree, claimed responsibility for the attack and stated that the group had used ballistic missiles to strike the vessel. The tanker, NCC Ghazal, was built in 2014 and is owned by the Saudi government.

This marks a significant escalation of the conflict, as the Houthis have now targeted a state-owned Saudi tanker directly, rather than just threatening commercial shipping broadly. The near-simultaneous disruption of both Hormuz and Bab el-Mandeb, which frame Saudi Arabia's oil export routes to the east and west, leaves the kingdom with limited options for moving crude to international markets.

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