A Danish-flagged oil tanker, the Torm Innovation, rerouted around Africa after Houthi threats in the Red Sea. The vessel was originally heading for Suez but changed course to bypass the Bab el-Mandeb Strait. This decision was made after two Saudi tankers were targeted by projectiles from Iran-backed Houthis. The rerouting adds significant sailing time and increases costs for freight, fuel, and insurance. Such longer voyages also reduce available tanker capacity, tightening energy markets and leading to higher tanker rates. The Torm Innovation was carrying 500,000 barrels of Saudi naphtha destined for Japan. This incident highlights growing concerns over disruptions at critical maritime chokepoints like the Strait of Hormuz and the Bab el-Mandeb Strait. Commodity experts warn that continued impairment of these routes could significantly drive up oil prices. The rerouting of Saudi exports, previously shifted to Yanbu and the Bab el-Mandeb, now forces Asian cargoes north through Suez and around Africa. This extends a Yanbu to Taiwan voyage from 19 days to 48 days, substantially increasing fuel costs. The situation prompts questions about a potential tanker exodus from the Red Sea and whether rising gasoline prices might lead to diplomatic efforts to restore order.