Currently, the impact of the blockade on Saudi Arabia will depend on the extent of the Houthis blockade of the Red Sea and the intensity of their attacks on Saudi Arabia. For the oil market, there is a lot of risk. Currently, about 4 million barrels of crude oil — about 4% of global supply — are being shipped to the market every day via routes likely to be attacked by the Houthis. According to analysis, the supply was reduced by 1% and the price increased by 4%. If the Red Sea route is blocked, the price of oil may return to more than 100 US dollars per barrel.

Currently, the impact of the blockade on Saudi Arabia will depend on the extent of the Houthis blockade of the Red Sea and the intensity of their attacks on Saudi Arabia. For the oil market, there is a lot of risk. Currently, about 4 million barrels of crude oil — about 4% of global supply — are being shipped to the market every day via routes likely to be attacked by the Houthis. According to analysis, the supply was reduced by 1% and the price increased by 4%. If the Red Sea route is blocked, the price of oil may return to more than 100 US dollars per barrel.