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Red Sea Crisis Threatens Global Oil Flow | Toronto News
Two Saudi oil tankers rerouted through the Red Sea after Houthi rebels issued threats to target any vessels handling Saudi crude, escalating regional tensions as Middle East conflict disrupts critical shipping lanes. With U.S. strikes on Iran and retaliatory attacks across the Gulf, including a tanker hit in the Strait of Hormuz, the Houthis are carving out a new front — raising alarms over global energy markets and soaring oil prices. Eighteen U.S. service members have been killed in recent days, and the unapproved military campaign, now costing billions, is seeking renewed funding as…
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