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tanker in suez canal

Oil tanker in the Suez Canal. Photo: Adhura Armaan / Shutterstock

Oil Tankers Avoid Red Sea After US/UK Strike

Reuters
Total Views: 1121
January 12, 2024

UPDATE HERE

by Ahmad Ghaddar (Reuters) At least four oil tankers have diverted course from the Red Sea since overnight strikes by the U.S. and Britain on Houthi targets in Yemen, shipping data from LSEG and Kpler showed. 

The attacks were carried out from the air and sea in response to the Iranian-backed Houthi militia’s attacks onships in the Red Sea, in what is becoming a regional escalation of the Israel-Hamas war in Gaza.

The tankers Toya, Diyyinah-I, Stolt Zulu and Navig8 Pride LHJ were all seen turning around mid-voyage in order to avoid the Red Sea between 0300 and 0730 GMT on Friday, according to ship tracking from the two companies. 

One of the tankers, Toya, a very large crude carrier capable of carrying up to 2 million barrels of oil, was unladen, the data showed. The other three vessels are fuel tankers. 

Oil prices were up over $3 a barrel, or more than 4%, by 1115 GMT, with Brent trading above $80, amid heightened geopolitical risks.

(Reporting by Ahmad Ghaddar, Robert Harvey and Jonathan Saul; editing by Mark Heinrich)

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