Keep pulling the thread on United States.
A Saudi pipeline to the Red Sea was successfully rerouting about 3.5 million barrels per day of Saudi crude.
Saudi Arabia was able to reroute half of its 7 million barrels per day of crude exports from the Middle East Gulf via a pipeline to the Red Sea.
A judge temporarily halted the acquisition of Warner Brothers by Paramount, stating the sale likely violates antitrust laws.
As of Monday, the US had bombed Iran for 9 consecutive nights in response to Tehran's attacks on oil tankers.
Iran's Houthi allies in Yemen declared a naval blockade against Saudi Arabia.
The Houthi-declared naval blockade threatens the primary alternative oil route around the Strait of Hormuz, which is a Saudi pipeline to the Red Sea.
Crude oil prices have risen to approximately $89 a barrel due to escalating conflict in the Middle East.
The national average for a gallon of gasoline in America is up 15% in the past week.
Tanker traffic through the Strait of Hormuz has nearly halted, with the exception of Iranian tankers and their allies using the northern Iranian route.
The memorandum of understanding between the US and Iran has been dissolved, leading to an escalation in attacks.
Iran is using the threat of a Houthi blockade of the Bab-el-Mandeb strait as leverage against potential US attacks on its energy infrastructure.
China has reduced its oil imports by approximately 5 to 5.5 million barrels per day.