How could Red Sea tensions affect oil and gas shipping?
About 12 per cent of world shipping traffic transits the Red Sea route and 4-8 per cent of global LNG cargoes have passed through it in 2023
Source: gulfbusiness.com
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More ships carrying oil avoid Red Sea route
Two ships transporting oil or oil products from the U.S. Gulf Coast to India are rerouting from the Red Sea amid concerns of attacks by Yemen's Houthi militants, as a U.S.-led coalition aims to safeguard vessels, as per vessel tracking data on Friday.
Source: moneycontrol.com
Baystreet.ca - Could Disruptions in Red Sea Trade Routes Impact Oil Prices?
For two months, international oil and gas markets largely ignored the Israel-Hamas war as it wasn’t disrupting flows of crude oil and natural gas from the Middle East and the Mediterranean in any meaningful way. Oil prices and the European benchmark ...
Source: baystreet.ca
Could Disruptions in Red Sea Trade Routes Impact Oil Prices?
The intensification of attacks in the Red Sea, particularly near the Bab el-Mandeb Strait, is causing major oil and shipping companies to reroute or suspend transits, potentially impacting global oil markets and supply chains.
Source: oilprice.com
White House says Tehran is 'deeply involved' in Houthi attacks on vessels in the Red Sea: Iranian spy ship is accused of providing targeting data
'We know that Iran was deeply involved in planning the operations against commercial vessels in the Red Sea,' White House national security spokeswoman Adrienne Watson said Friday.
Source: dailymail.co.uk