Insurance costs for Red Sea shipping surge due to Houthi blockade. Ships transiting Hormuz by July 31 at 15.2% YES.

Red Sea Shipping Route Explained: In a concerning development, Iran has alerted the world to possible disruptions in the Red Sea that threaten vital energy markets. The Bab…

CAIRO (AP) — Yemen's Iranian-backed Houthi rebels on Monday announced they are imposing a maritime embargo against Saudi Arabia in retaliation for a blockade on Yemen and a recent…

Yemen's Houthis declared a maritime blockade against Saudi Arabia on Monday. This action escalates regional conflict and impacts global energy markets significantly. The Red Sea…

Shipping disruptions are emerging in key Middle East oil transit routes. Concerns are rising as vessels alter voyages due to security risks. The Strait of Hormuz and Red Sea are…