A very large crude carrier has made a U-turn in the southern Red Sea after warnings from Houthi rebels in Yemen that they would target ships heading to or from Saudi ports, reports Bloomberg
Context
The reported U-turn of a very large crude carrier in the southern Red Sea signals heightened tensions stemming from warnings by Houthi rebels against ships linked to Saudi ports. This development reflects potential disruptions to maritime oil transport, which could lead to increased oil prices, particularly impacting WTI and Brent markets, given the significance of such routes in global supply chains.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#ENERGY#EU SESSION#US SESSION#WTI#BRENT#COMMODITIES