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The Houthis have launched more than 50 attacks on shipping, seized one vessel and sunk another since November, according to the US Maritime Administration.
A British-owned cargo ship was damaged in a drone attack off rebel-held Yemen, a maritime security firm said on Tuesday, the latest in dozens of incidents in the Red Sea.
Aramco: Amin Nasser told Reuters he expected the oil market to tighten after consumers depleted stocks by 400 million barrels in the last two years, which left OPEC's spare capacity as the main source of additional supply to meet rising demand.
Amin Nasser told Reuters he expected the oil market to tighten after consumers depleted stocks by 400 million barrels in the last two years, which left OPEC's spare capacity as the main source of additional supply to meet rising demand.
The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, has escalated due to recent attacks by Yemen-based Houthi militants.