EconomyHouthi Threat Grows as Saudi Pipeline Shutdown Hits Oil

Saudi Arabia faces mounting economic pressure as Houthi threats target the kingdom and its East-West oil pipeline may remain largely shut for six weeks, tightening routes around the Red Sea. European oil prices surge after Aramco delays some deliveries, while Russia extends its diesel export ban and tighter Chinese fuel stockpiles raise the prospect of export curbs. The supply-driven oil rally is starting to look overdone.