Council on Foreign Relations (blog) | Free Flow of Oil, Strait of Hormuz, and Policing International Sea Lanes Council on Foreign Relations (blog) The premium appears to be creeping back into international oil prices as markets wait to see who will be policing the sea lanes in the aftermath of a Saudi announcement that it would temporarily halt oil shipments via the Bab el-Mandeb Strait. The ... Why is Saudi halting oil shipments through the Red Sea? Saudis Won't Suspend Oil Exports To The West Saudi Arabia oil blockade could STOP shipments to Europe and the US |