Houthi Attacks on Saudi Tankers Constrict Crude Trade

The flow of Middle East energy trade is evolving yet again after attacks on two tankers in the Red Sea by Iran-backed Houthi militants.

In a recent maritime security webinar, Lloyd’s List analysts tracking ship movements and attack patterns in real time warned that the Red Sea has moved from a “gradual normalization” phase back into acute uncertainty.

“I think that the situation in the Red Sea and in the Middle East and the Strait of Hormuz has fundamentally changed, and we’re never going back to what it was before,” said Bridget Diakun, senior risk and compliance analyst at Lloyd’s List.