Middle East shipping squeezed as Hormuz and Bab el-Mandeb risks converge

Middle Eastern shipping patterns face another violent reshuffle after fresh vessel attacks around Hormuz, the shutdown of Saudi Arabia’s critical East-West oil pipeline and the Houthis’ advance into the heart of the Bab el-Mandeb Strait. Two more commercial vessels were attacked on Sunday. The Panama-flagged 47,999 dwt product tanker El Gaia was struck off Oman, … Read full article →