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Breaking Points says Houthis let Chinese-flagged tanker pass after ‘side deal’

Breaking Points · Oil HITS $100 As Houthis LIGHT UP Red Sea · July 23, 2026
Breaking Points says Houthis let Chinese-flagged tanker pass after ‘side deal’
Breaking Points
Breaking Points
Oil HITS $100 As Houthis LIGHT UP Red Sea
"There actually is a very interesting geopolitical wrinkle to all of this is a Chinese flagged oil tank. This literally just happened this morning. uh Chinese flag oil tanker which had docked in Saudi Arabia actually was allowed to go through the Baba Mandabub strait by the Houthis."
Breaking Points host Krystal Ball claims a Chinese-flagged oil tanker that had docked in Saudi Arabia was allowed to pass through the Bab el-Mandeb Strait by Yemen’s Houthis, despite their stated intention to target Saudi-linked oil shipping. Ball suggests the passage followed a behind-the-scenes diplomatic understanding with Beijing, implying differential treatment for Chinese-linked vessels amid wider disruption in the Red Sea corridor.

About this episode

Breaking Points focuses on a spike in oil prices, which the hosts attribute to escalating attacks and threats around key shipping chokepoints in the Red Sea and Strait of Hormuz. Saagar Enjeti says oil was trading near $98 a barrel and links the move to Houthi attacks on Saudi-linked tankers and the resulting insurance and shipping pullback. The hosts argue that even limited strikes can deter maritime traffic and constrain Saudi export routes, particularly for very large crude carriers.

Krystal Ball adds a claimed “geopolitical wrinkle”: she says a Chinese-flagged tanker that had docked in Saudi Arabia was allowed to transit the Bab el-Mandeb after behind-the-scenes diplomacy, suggesting Beijing may be able to secure carve-outs even as Western or Gulf-linked shipping faces higher risk.

The segment also turns to US-Iran escalation rhetoric. Enjeti reads a Trump Truth Social warning that any Iranian attack on shipping in the Strait of Hormuz would trigger US strikes on Iranian bridges or power plants, including near Tehran. The hosts discuss military posture and constraints, citing surges of assets and medical personnel, and argue that regional basing leaves US partners vulnerable if fighting intensifies.

They also reference Iranian officials’ public warnings that if Iran cannot export oil, others in the region will not either, and highlight the exposure of Gulf states’ power and water infrastructure in a sustained conflict. The episode closes with criticism of Trump’s public comments about fallen US service members’ views on the mission.

Key takeaways

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