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Oil Routes Reroute as Strikes EscalateWorld — Jul 21, 2026Two Saudi crude tankers bound for China and India turned back toward the Suez Canal after Yemen's Houthi rebels declared a naval blockade against Saudi ports, signaling higher risks and potentially longer shipping routes that could hike costs for global oil supplies. The incidents underscore how the Bab el-Mandeb and Red Sea tensions are intersecting with broader U.S.-Iran-Israel dynamics and threatening lucrative energy corridors.