The flow of Middle East energy trade is evolving yet again after attacks on two tankers in the Red Sea by Iran-backed Houthi militants. In a recent maritime security webinar, experts highlighted the increasing threat posed by Houthi attacks on global shipping, particularly in the strategically critical Bab-el-Mandeb Strait.
The attacks on the two Saudi tankers have sparked concerns about the safety of crude oil transportation through the Red Sea. As a result, Asian oil buyers are reportedly in talks to reroute Saudi Red Sea flows, further disrupting the global oil supply chain. The situation underscores the ongoing challenges faced by the maritime industry in maintaining secure and reliable trade routes.