At least four oil tankers have changed their routes away from the Red Sea following overnight attacks by the U.S. and British forces on Houthi targets in Yemen. The attacks were in response to assaults by the Iran-backed Houthi militia on ships in the Red Sea, leading to increased tensions in the region. The tankers Toya, Diyyinah-I, Stolt Zulu, and Navig8 Pride LHJ all changed course between 0300 and 0730 GMT on Friday to avoid the Red Sea, according to ship tracking data from LSEG and Kpler.
One of the tankers, the Toya, capable of carrying up to 2 million barrels of oil, was seen unloading its cargo. The other three tankers are fuel tankers. As a result of the heightened geopolitical risks, oil prices rose by more than 4%, with Brent trading above $80 a barrel. In response to the attacks, the Houthis have also stated that U.S. and UK interests are now in their sights, prompting $TRMD to pause all transits through the Red Sea.
The attacks on Houthi targets in Yemen by the U.S. and British forces have led to at least four oil tankers changing their routes to avoid the Red Sea. This comes after the Houthis carry out assaults on ships in the Red Sea, escalating tensions in the region. As a result, oil prices have risen by over 4%, with Brent trading above $80 a barrel. Additionally, the Houthis have stated that U.S. and UK interests are now in their sights, leading to shipping companies pausing all transits through the Red Sea.
