Asian oil buyers are exploring alternative routes for Saudi crude oil shipments after recent Houthi attacks on tankers in the Red Sea. Traders report that some buyers are in talks with Saudi Aramco to potentially reroute flows around Africa.
The move comes as a response to the heightened security risks in the region, which have led to increased insurance costs and potential delays in oil deliveries. The tankers carrying Saudi crude have been targeted by Houthi militants, causing concerns among oil buyers and traders.