Transcript (en)

Back to Houthi terrorists from Yemen say they have targeted Saudi oil tankers that violated their naval blockade. Chief International Correspondent Steve Harrigan is in Tel Aviv tonight with the latest on that. Good evening, Steve. Good evening, Brett. This war is certainly changing by the hour, and this is a most significant development also confirmed by maritime security experts that the Houthis have targeted and hit at least one tanker, perhaps two that were carrying Saudi oil in the Red Sea. This basically broadens the war. It creates a second front and really puts the risk of chaos in the world oil market at a much higher level. It happened just a short time ago. The Houthis had threatened to target and blockade Saudi oil. Even that threat alone was enough to make several tankers turn around, make U-turns head north out of a longer and more expensive route out of the Suez Canal. Now that they have struck and disabled at least one tanker, possibly two, that's really going to change things. Saudi Arabia had been trying to move millions of barrels of oil out of the Red Sea, trying to flee from the chaos in the Strait of Hormuz. Now that route, at least in the short term, may be closed. If you think about it, 10% of the world's oil threatened out of the Strait of Hormuz, another 7% possibly, if this can hold up in the Red Sea. So certainly a big development there.