Tanker rates set to soar on Houthi attack fears in Red Sea
The plan would mirror Iran’s Strait of Hormuz tactics and could raise costs for most ships using the Red Sea route, Reuters said.
- Yemen's Houthi movement declared a blockade targeting vessels linked to Saudi Arabian ports in the Red Sea and has attacked at least two Saudi oil tankers to enforce this blockade.
- China held direct talks with the Houthis to ensure safe passage for its oil tankers through the Bab el-Mandeb Strait despite the blockade, reportedly receiving clearances for its vessels.
- Saudi Arabia and other countries began rerouting oil exports through alternative routes, including using the Suez Canal and Egypt's Sidi Kerir port, leading to higher shipping costs and longer transit times.
- The Houthis have considered imposing fees on ships passing through the Bab el-Mandeb Strait for safe passage, a plan supported by Iran and discussed during Houthi representatives' visit to Iran, potentially escalating regional tensions.
136 Articles
136 Articles
The aim would be to transform the threat against international navigation into a source of funding for the terrorist organization on a sustainable basis.
The Houthi rebels are preparing, with the support of Iran, a ship tax system that transits the Bab el-Mandeb Strait of the Red Sea, supports the Yemeni government. According to the Aden authorities, the plan reproduces the model by which Tehran claims the right to levy taxes in the Ormuz Strait and risks amplifying tensions on one of the world's most important maritime routes.
The Houthis of Yemen, a group backed by Iran, have declared their own maritime blockade against Saudi Arabia’s transport, an escalation that could reactivate another latent regional conflict and threaten the global supply of oil. Bab el-Mandeb Strait may become the new bottleneck that can change the world’s balance. When it seemed that the Strait of Ormuz concentrated all journalistic attention, the Middle East has opened a second front of enorm…
Yemen's Minister of Information stated that the secret services confirmed the direct involvement of the Islamic Revolutionary Guard (IRGC) advisers in the development of a system of tolls imposed by the Houthi rebels for the tight Bab el-Mandeb, which follows Iran's claim to levy taxes in the Ormuz Strait. The Houthi armed group collaborates with Tehran to collect ...
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