Some Attacks and U-Turns, but Ships Sail Red Sea Despite Houthi Blockade
Maritime traffic persists in the Red Sea and Strait of Hormuz despite Houthi attacks and growing fears over global oil supplies.
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Maritime traffic persists in the Red Sea and Strait of Hormuz despite Houthi attacks and growing fears over global oil supplies.
Global markets have absorbed a historic oil supply loss following the Iran war, but depleted reserves are creating new systemic risks.
BBC witnesses seized ships and stranded tankers in Strait of Hormuz during Iran visit
US gasoline prices have fallen for six consecutive weeks, dropping 14% from their May peak as diplomatic talks between the US and Iran progress.