oil-exports

Two oil tankers were hit by “unidentified projectiles” in the Strait of Hormuz area. The United Kingdom Maritime Trade Operations (UKMTO) reported the incidents on Friday. The attacks have created a fresh security risk for shipping in the Strait of Hormuz. UKMTO said the first attack caused a small fire inside the tanker and cut off its power supply. The fire was later brought under control. No casualties were reported. There were also no reports of environmental damage. The tanker was s...

Yemen’s Houthi rebels have effectively taken control of the Bab al-Mandab Strait. They completed a rapid operation to take control of Yemen’s Red Sea coast on Friday. This has strengthened their control over one of the world’s most important shipping routes. It has also created a major strategic advantage for their supporters in Iran. Several media outlets reported that Houthi forces have captured Perim Island, located in the middle of the strategically important Bab al-Mandab Strait. Jus...

Concerns over shipping in the Gulf region have intensified following a fresh attack in the Strait of Hormuz. Two Saudi Arabian supertankers were reportedly hit by unidentified objects just minutes apart on Monday night. The attacks took place in the same area in Omani waters. One of the vessels was struck by three unidentified objects. The crews of both ships are safe, according to the relevant authorities. The information was reported by Marisks and Kepler, companies that monitor maritim...