Uploaded July 2026 | Updated September 2026, 2 weeks ago
A Bab el Mandeb Strait closure would strain global oil logistics but is unlikely to spark a major crude oil price spike.
Alex Hodes, Director of Energy Market Strategy at StoneX, explains what a Bab el Mandeb Strait closure means for crude oil, diesel, and global freight.
Yanbu Port in Saudi Arabia has absorbed diverted volumes since the Strait of Hormuz became a flashpoint, pushing cargoes toward the Suez Canal and adding weeks to delivery for Asian buyers. Diesel markets react first, while a separate outage at the Black Sea's CPC terminal shows how exposed Russian refining has become.
Discover Actionable Energy Insights with StoneX Market Intelligence: shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_alex_hodes&utm_content=share
Why Global Diesel Markets Have Stopped Following Crude Oil's Lead: stonex.com/en/insights/why-global-diesel-markets-have-stopped-following-crude-oil-s-lead
0:00 Oil Loses Its Safety Valve
0:49 Yanbu Port Nears Its Limits
2:39 Diesel Feels the Impact First
3:43 Suez Detour, Weeks Not Days
4:53 Reroutes Raise Freight Costs
9:20 Refineries Hit, Exports Rise
11:56 Refiners Eye Discounted Crude
Like and subscribe for more financial market insights.
#StoneX #AlexHodes #CrudeOil #RedSea
A Bab el Mandeb Strait closure would strain global oil logistics but is unlikely to spark a major crude oil price spike.
Alex Hodes, Director of Energy Market Strategy at StoneX, explains what a Bab el Mandeb Strait closure means for crude oil, diesel, and global freight.
Yanbu Port in Saudi Arabia has absorbed diverted volumes since the Strait of Hormuz became a flashpoint, pushing cargoes toward the Suez Canal and adding weeks to delivery for Asian buyers. Diesel markets react first, while a separate outage at the Black Sea's CPC terminal shows how exposed Russian refining has become.
Discover Actionable Energy Insights with StoneX Market Intelligence: shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_alex_hodes&utm_content=share
Why Global Diesel Markets Have Stopped Following Crude Oil's Lead: stonex.com/en/insights/why-global-diesel-markets-have-stopped-following-crude-oil-s-lead
0:00 Oil Loses Its Safety Valve
0:49 Yanbu Port Nears Its Limits
2:39 Diesel Feels the Impact First
3:43 Suez Detour, Weeks Not Days
4:53 Reroutes Raise Freight Costs
9:20 Refineries Hit, Exports Rise
11:56 Refiners Eye Discounted Crude
Like and subscribe for more financial market insights.
#StoneX #AlexHodes #CrudeOil #RedSea
