Shipping disruption: Houthi threats forced two Saudi oil tankers to turn around in the Red Sea as Hormuz traffic slowed sharply after more tanker attacks. Houthi threats forced two Saudi oil tankers to turn around in the Red Sea as Hormuz traffic slowed sharply after more tanker attacks. Oil surges: Crude prices hit multi-week highs amid shipping disruptions, with warnings oil could reach $120 if fighting continues. Yes 14% · No 87%View full market & trade on PolymarketTwo tankers carrying Saudi crude make U-turns in Red Sea after Houthi warningThe just-declared (as of Monday) Houthi blockade on Saudi maritime shipping has already begun to witness ill-effects, as reports emerge of two oil tankers having made U-turns while initially en route toward the Suez Canal. The emerging details:Two oil tankers which loaded Saudi crude for China and India made U-turns in the Red Sea and headed toward ‌the Suez following a warning from Yemen’s Houthi militia.