Business
Red Sea Tanker Attacks Push Oil Above $96 a Barrel
Houthi claims against two Saudi tankers have exposed the weakness in plans to bypass Hormuz, sending Brent higher as two vital shipping routes face risk.
Jul 23, 2026
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7 stories for“houthi attacks shipping”
Latest Trends
The Houthis Took Mocha, the Red Sea Is Now the Second Strait in Play, and Two Ships Were Hit Off Oman Overnight
With Hormuz reduced to a trickle, Saudi exports go out through the Red Sea. On Thursday the Houthis took Mocha, eighty kilometres from Bab al-Mandeb, after the heaviest fighting since the 2022 truce. Hours later four projectiles hit two ships off Khasab.
Sep 12, 2026
Business
How the Red Sea Crisis Is Reshaping Gulf Supply Chains
Houthi attacks on shipping have rerouted global trade around Africa, and Gulf importers are absorbing the fallout in freight rates and delivery times.
Feb 5, 2024
Latest Trends
Saudi Arabia Shut Its Only Way Round Hormuz After Drones From Iraq Hit the Pipeline. The Houthis Took Two More Islands
The 1,200-kilometre line to Yanbu carried the crude that could no longer leave through the Gulf. Riyadh chose not to hit back at Iraq, flew more than 300 strikes on Yemen instead, and took dozens of missiles at Khamis Mushait. Brent is near 108.
Sep 15, 2026
Latest Trends
Saudi Arabia Stopped Loading Oil at Yanbu, a Houthi Drone Was Shot Down South of Mecca, and Four Ships Crossed Hormuz
With the East-West pipeline still shut, no Saudi crude has left the Red Sea since 11 September and Europe's late-September cargoes are being cancelled. The coalition called the Mecca drone a red line. An American drone killed the crews of two IRGC boats.
Sep 17, 2026
Latest Trends
Iran Says It Will Declare a Restricted Zone Beyond Hormuz, Names Oman as Corridor Partner, and Jizan Is Hit Again
Mohsen Rezaei says any ship entering a zone that starts at the American blockade line will be put on an Iranian sanctions list. The same day Aramco's Jizan refinery took a second strike in a month, Brent passed 97 dollars, and flydubai cut its schedule.
Sep 8, 2026
Business
The Red Sea Crisis Is Squeezing Gulf Restaurant Margins
Shipping disruption is pushing up the cost of imported produce and packaging, and Gulf restaurateurs are running out of room to absorb it quietly.
Apr 9, 2024
