Rebecca Babin

“The Strait of Hormuz was already an unprecedented supply disruption, but prices remained remarkably resilient because the market found workarounds, including diverting barrels through the Red Sea and Bab el-Mandeb,”

Rebecca Babin · said date not stated · reported 2026-09-12

Babin explained that oil prices stayed resilient despite the Strait of Hormuz disruption because markets diverted shipments through the Red Sea.

“Houthi escalation this week now puts that relief valve at risk,”

Rebecca Babin · said date not stated · reported 2026-09-12

Babin warned that Houthi escalation threatens the alternative shipping routes that had kept prices stable.

“We’ve already moved from Plan A to Plan B for getting barrels out of the region, and there really isn’t a viable Plan C.”

Rebecca Babin · said date not stated · reported 2026-09-12

Babin said there is no viable backup plan if the current alternative shipping routes are blocked.