Oil slides following outreach to Iran to limit Houthis actions in Red Sea — Live Feedhttps://www.live-feeds.com/feed/oil-slides-following-outreach-to-iran-to-limit-houthis-actions-in-red-seaContinuously updated, source-cited coverage. Oil Prices Drop as China Intervenes to Curb Houthi Red Sea Attackshttps://www.live-feeds.com/feed/oil-slides-following-outreach-to-iran-to-limit-houthis-actions-in-red-seahttps://www.live-feeds.com/feed/oil-slides-following-outreach-to-iran-to-limit-houthis-actions-in-red-sea#u77022Sun, 20 Sep 2026 03:15:20 +0000Oil prices fell 1% following efforts to engage Iran to limit Houthi activity in the Red Sea. Saudi Arabia has turned to China for security assistance after Donald Trump declined a request to fight the Houthis. While China seeks to fill the US security gap and curb Houthi threats to the Red Sea chokepoint, the Houthis claim they have attacked a key Saudi oil export hub and targets in the capital city of Riyadh. Market participants are reacting to hopes that these diplomatic efforts will limit supply disruptions.Why it mattersThe Red Sea is a vital maritime chokepoint for global oil shipments. S