Houthi Threats Disrupt Red Sea Oil Shipments

Houthi threats in the Red Sea have caused tanker traffic to fall to a multi-month low, prompting Indian refinery MRPL to bar crude suppliers from using the Hormuz and Red Sea routes. The disruptions come as China's crude oil imports surge, adding pressure on global supply chains. Meanwhile, Kazakhstan has restarted CPC oil exports after a week-long shutdown in the Black Sea, partially offsetting some supply concerns. These events highlight growing geopolitical risks to oil transit in key maritime chokepoints.