
Oil Executives Assess Red Sea Shipping Risks Amid Houthi Attacks Pause
Oil executives are closely watching shipping conditions in the Red Sea after a pause in attacks by Iran-backed Houthi rebels. A Liberian-flagged oil tanker recently sailed through the Red Sea, one of the first voyages since the rebels limited attacks on commercial vessels. Executives are cautious, monitoring risks and competitors’ actions before navigating the area.