BBCNEWS Asia July 5, 2024
houthi fighters say they will continue attacking vessels in the region of the red sea. this announcement comes after they launched a drone attack in yemen on a us commercial vessel off aden. the escalating tensions in the red sea have many analysts concerned that the impact of these attacks will drive up the cost—of—living. some companies had to take a detour around southern africa, driving up costs. mukesh sandav, head of oil trading, rystad energy, describes what is at stake in the markets. what is at stake is that a lot of crude oil, up to four million barrels a day, moving fr...