The Houthi rebels have declared a maritime blockade on Saudi Arabia, escalating tensions in the Red Sea and posing a significant risk to global oil supplies. As the U.S.-Iran conflict intensifies, the Houthis threaten to disrupt key shipping routes, specifically targeting vessels linked to Saudi Arabia. This blockade comes as U.S. President Trump vows to address Houthi actions if they impede Saudi shipping, a move that could further complicate the already fragile oil market. Tankers carrying Saudi crude have already made U-turns, raising concerns about potential oil price surges and the impact on Asian buyers, with some analysts warning of a possible price hike to $100 per barrel. The situation remains fluid, with increasing military posturing from both Saudi Arabia and the Houthis, as the stability of the region hangs in the balance.