As oil soars, experts watch Red Sea tankers for clarity on Houthi blockade

EDITOR'S ANALYSISHouthi blockade for now is shaping who moves Saudi crude, not whether it moves, analysts say, even as oil prices soar.As oil prices hit $100 a barrel on Thursday, experts say they are watching to see which vessels Yemen’s Houthis allow to pass through in the Red Sea as that will indicate how the crude market trends.Brent futures rose $6.58 or 6.96 percent, to $100.65 a barrel, exceeding $100 for the first time since late May.Recommended Stories list of 4 itemslist 1 of 4US government cancels subpoena against three New York Times reporterslist 2 of 4White House says will not block Tate brothers’ extradition to UKlist 3 of 4France wildfires force evacuation of over 20,000 people from tourist townlist 4 of 4US attacks Iran for 13th night as Trump threatens ‘bigger’ strikesend of listThat was on the back of the Iran-aligned Houthis saying they were cutting off the passage Riyadh had been using to ship parts of its crude oil once Iran closed the Strait of Hormuz to retaliate against United States and Israel attacks.On Monday, the Yemeni group declared a naval blockade on shipments from Saudi Arabia and said they would target Saudi, Israeli, and United States-linked tank...