Two tankers carrying Saudi crude make U-turns in Red Sea, data shows

- Two oil tankers which loaded Saudi crude for China and India this week have made U-turns in the Red Sea on Tuesday and were headed toward the Suez, shipping data on LSEG showed, following a warning from Yemen's Iran-aligned Houthi militia.

The Houthis on Monday declared a naval blockade against Saudi Arabia, opening a potential new front against the United States in its war with Iran and raising the threat to global energy supplies and trade beyond the Gulf.