The changes in direction by the vessels suggest a second potential disruption to a major shipping route from the Middle East that could compound the shortfall in global energy markets, already under crisis due to the closure of the Strait of Hormuz.

The changes in direction by the vessels suggest a second potential disruption to a major shipping route from the Middle East that could compound the shortfall in global energy markets, already under crisis due to the closure of the Strait of Hormuz.

HOUSTON, July 21 : Asian refiners are seeking to ship crude oil from Saudi Arabia's Red Sea port through the Suez Canal and around Africa after Yemen's Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia.The move marks the latest redirection of oil flows due to the U.S.-Israeli war wi

HOUSTON, July 21 : Asian refiners are seeking to ship crude oil from Saudi Arabia's Red Sea port through the Suez Canal and around Africa after Yemen's Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia.The move marks the latest redirection of oil flows due to the U.S.-Israeli war wi

Going around Africa will require as much as four additional weeks and raise freight and fuel costs. Read more at straitstimes.com. Read more at straitstimes.com.

The changes in direction by the vessels suggest a second potential disruption to a major shipping route from the Middle East that could compound the shortfall in global energy markets, already under crisis due to the closure of the Strait of Hormuz.