The Red Sea line has been shut since drone strikes on Sept. 11, while Iran called reports that it will reopen the Strait of Hormuz untrue.
Catch up
- Sept. 9 — Houthi strikes hit 4 Saudi cities, wounding 73 and shutting Aramco's 400,000-barrel-a-day Jazan refinery.
- Sept. 12 — Drone strikes forced Saudi Arabia to close its 7-million-barrel-per-day East-West pipeline as Houthis seized key Red Sea positions.
- Sept. 16 — Aramco halted crude loadings at its Yanbu terminal and cancelled September cargoes as supertanker hire rose.
- Sept. 20 — Houthi missiles set a Riyadh fuel depot ablaze before Saudi forces intercepted another missile aimed at the capital the next day.
10 earlier issues
- Houthi missiles and drones hit 4 Saudi cities, wounding 73 and halting Aramco's 400,000-barrel-a-day Jazan refinery
- Houthis capture Yemen's Mokha from Saudi-backed forces 46 miles from Bab el-Mandeb
- UpdateHouthi forces captured Mokha and Perim island in the 28-kilometer Bab el-Mandeb strait.
- UpdateA day after the Bab el-Mandeb capture, maritime monitors have recorded no new transit halts
- UpdateSaudi Arabia shuts Hormuz-bypass pipeline, oil rises more than $3 with 4% of supply at risk
- UpdateHouthis seize two more Red Sea islands as Saudi pipeline faces 3-to-5-week outage
- UpdateSaudi Arabia suspends loadings at its last open oil terminal; September cargoes cancelled
- Attacks on Saudi export pipeline push WTI crude to $107.02 a barrel, a 30-day high
- UpdateHouthi missiles hit Riyadh, burning a fuel depot near King Khalid airport
- UpdateSaudi Arabia says it intercepted a Houthi missile aimed at Riyadh
Key facts on oil prices and shipping flows
- U.S. crude dropped below $93 a barrel, matching its lowest level since Sept. 8.
- The 7-million-barrel-per-day pipeline has been closed for two weeks after attacks on Sept. 11.