Red Sea Shipping Traffic Declines Following Houthi Attacks on Saudi Oil Facilities
Red Sea Shipping Traffic Declines Following Houthi Attacks on Saudi Oil Facilities
Recent data indicates a significant reduction in shipping traffic through the Bab el-Mandeb Strait after Houthi attacks on Saudi oil installations.
On July 26, only eleven vessels transited the Bab el-Mandeb Strait, marking the lowest traffic level in months. The disruption, attributed to Houthi efforts to blockade Saudi exports, has led to a spike in crude oil prices across the Middle East, Europe, and Africa. Among the vessels, seven were oil tankers, including two very large crude carriers (VLCCs) bound for Saudi ports. Meanwhile, traffic through the Strait of Hormuz remained low, with fewer than ten vessels passing daily over the weekend, despite a temporary pause in U.S.-Iran military actions.
For journalistic integrity, this report was summarized from: channelnewsasia.com
