Reuters | Why is Saudi halting oil shipments through the Red Sea? Reuters A full blockage of the strategic waterway would virtually halt shipment to Europe and the United States of about 4.8 million barrels per day of crude oil and refined petroleum products. Western allies backing a Saudi-led coalition fighting the Houthis ... Saudis Won't Suspend Oil Exports To The West Mysterious Attack on Saudi Oil Tanker Heats Up US-Iranian Front Crude oil futures largely stable as markets await fresh cues |