Economy

Saudi oil sales to India face 50% freight hike amid Houthi Red Sea blockade as ships eye longer Suez Canal route

· 24 July 2026 · 2 min read
Saudi oil sales to India face 50% freight hike amid Houthi Red Sea blockade as ships eye longer Suez Canal route

Mint has reported a new India-focused economy development: “Saudi oil sales to India face 50% freight hike amid Houthi Red Sea blockade as ships eye longer Suez Canal route.” The publisher's feed describes the story as follows: Saudi Arabia in India's third-largest oil supplier this month. The blockade primarily affects oil shipments  from Yanbu port, which has emerged as one of the key alternatives for Saudi energy supplies for oil importers including India over the past few months. Inte

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