Saudi Oil Exports from Mediterranean Port Surge 33% as Houthis Threaten Red Sea Routes

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Saudi Aramco has increased crude oil exports from Egypt's Mediterranean port of Sidi Kerir by approximately 33% in the month following Houthi threats to Saudi oil shipments in the Red Sea and Bab el-Mandeb Strait. The company has begun rerouting oil from its Yanbu port on the Red Sea northward to Egypt to circumvent threats from the Iran-aligned Houthi group in Yemen, according to tanker-tracking data compiled by Bloomberg.