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Key Oil Chokepoints in Mideast Face Disruption as Threats Mount

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Key Oil Chokepoints in Mideast Face Disruption as Threats Mount Shipping disruptions in key Middle East chokepoints intensified as the US-Iran war grinds on, with vessels in the Red Sea making unusual maneuvers, while visible traffic through the Strait of Hormuz sank. In the Red Sea, at least one vessel u-turned to head north toward the Suez Canal, while others paused their journeys, maritime-tracking data showed. The voyage shifts follow threats from the Tehran-backed Houthi militant group...

Key Oil Chokepoints in Mideast Face Disruption as Threats Mount Shipping disruptions in key Middle East chokepoints intensified as the US-Iran war grinds on, with vessels in the Red Sea making unusual maneuvers, while visible traffic through the Strait of Hormuz sank. In the Red Sea, at least one vessel u-turned to head north toward the Suez Canal, while others paused their journeys, maritime-tracking data showed. The voyage shifts follow threats from the Tehran-backed Houthi militant group in Yemen to fully blockade all ships calling at Saudi Arabia’s ports.
Middle East (LOCATION) US (LOCATION) Iran (LOCATION) the Red Sea (LOCATION) the Strait of Hormuz (LOCATION) the Suez Canal (LOCATION) Tehran (LOCATION) Houthi (ORG) Yemen (LOCATION) Saudi Arabia’s (LOCATION)
Originally published by Bloomberg Markets Read original →