The Saudis found an escape hatch for some of the world’s oil. The Houthis could slam it shut

The world, hungry for oil, got a modest reprieve earlier this month when Saudi Arabia began diverting millions of barrels of crude —ordinarily destined for ships transiting the blockaded Strait of Hormuz — to its Red Sea port of Yanbu. But over the weekend Iran-backed Houthi militants entered the w...

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