A very large crude carrier reportedly made a U-turn in the southern Red Sea after Houthi rebels warned they would target ships heading to or from Saudi ports. The incident raises near-term shipping and supply-chain risk for crude flows in the region, which can translate into higher energy volatility and price risk.
A very large crude carrier reportedly made a U-turn in the southern Red Sea after Houthi rebels warned they would target ships heading to or from Saudi ports. The incident raises near-term shipping and supply-chain risk for crude flows in the region, which can translate into higher energy volatility and price risk.
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mildly negative
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