Aramco unlikely to reduce oil exports to West after Houthi attack, analysts say

Analysts said Saudi Aramco is unlikely to reduce its overall oil exports to the West after suspending Red Sea shipments following Houthi attacks on two Bahri-operated crude carriers. Aramco has alternative routes to Europe, including the longer route around the Horn of Africa.

Analysts still expect short-term disruption and concern in crude and shipping insurance markets.