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Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia
Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia
By Tsvetana Paraskova of OilPrice.com
The Houthi threats to shipping in the Red Sea and its chokepoint, the Bab el-Mandeb Strait, have forced at least one oil tanker carrying Saudi crude to Asia to choose the much longer route through the Suez Canal, the Mediterranean, and around Africa.
The supertanker Olympic Luck, partially laden with Saudi crude at Yanbu on the Red Sea, transited the Suez Canal into the Mediterranean late on Sunday, according to shipping data monitored by Bloomberg.
The U-turn...
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