‘These waters aren’t safe’: Gulf tankers are running out of ways to export oil

Lisa Friedman, Jenny Gross and Rebecca F. ElliottHouthi militants backed by Iran gained control of Yemen's Red Sea port Mokha, threatening a vital oil export route and further restricting Gulf energy corridors.Shipping through the Strait of Hormuz remains highly dangerous, with numerous attacks on vessels and at least 22 sailors killed since February.Saudi Arabia's oil exports dropped to a 13-year low, while US efforts to secure sea routes face limited options to end the conflict or lower energy prices.LONDON – The world’s most valuable energy corridors are pinching shut.On Sept 11, Houthi militants backed by Iran expanded their control of the Red Sea, threatening a critical route for Persian Gulf crude.Get unlimited access to exclusive stories and incisive insights from the ST newsroom