Following the strikes, the US-led Combined Military Forces (CMF) based in Bahrain warned all ships to avoid the Bab al-Mandab Strait at the south end of the Red Sea for several days on Friday, according to tanker body INTERTANKO.
Prior to the US and British strikes on Yemen it had been mostly container ships which were avoiding the Red Sea, with oil tanker traffic largely unchanged in December.
But since the CMF's warning, a growing number of oil tankers are avoiding the region, increasing the potential for disruptions to eastwest oil supply via the Suez Canal.
This story is from the January 16, 2024 edition of Financial Express Mumbai.
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This story is from the January 16, 2024 edition of Financial Express Mumbai.
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