[Analyst: If Houthi attacks escalate, Saudi Arabia and other oil-producing countries may be forced to cut production] BlockBeats News, March 28 — Energy analysts have warned that if Yemen's Houthi forces resume attacks on Red Sea shipping, the oil market could face even greater turmoil. Renewed attacks could remove a significant amount of oil from global supply and drive up oil prices. Saudi Arabia has been transferring as much crude oil as possible from the Persian Gulf to its Red Sea port of Yanbu, with shipments primarily destined for Asia. Although this has not fully offset the volume of oil unable to pass through the Strait of Hormuz, it has helped limit the rise in global oil prices. Analysts stated that if Houthi attacks make it too dangerous for tankers to approach Yanbu, millions of barrels of crude oil per day could be stranded in the Middle East. At that point, Saudi Arabia may be forced to cut production alongside Kuwait and Iraq.