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Red Sea Risk Strait of Hormuz crisis Tankers and Gas

VLCC operators rethink Red Sea voyages amid fresh Houthi blockade

  • At least three VLCCs heading towards the Red Sea had U-turned or stopped near the Gulf of Aden, while not fewer than two tankers that recently loaded in Yanbu have also changed course
  • Houthis announced a ‘ban’ on Saudi ports on Monday and threatened to attack vessels in violation of the embargo
  • Saudi’s Yanbu port on the Red Sea has become a critical relief valve for crude flows amid the Strait of Hormuz crisis

  • News

Vessels appear to be rethinking Red Sea and Gulf of Aden voyages following the Houthi announcement of a blockade of Saudi ports, which threatens to inject more turmoil to shipping and oil markets

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