Vessel traffic through the strategically important Bab el-Mandeb and Strait of Hormuz remained broadly stable on July 27, with 32 and 15 vessel crossings respectively, according to S&P Global.

Ship traffic through Bab el-Mandeb declined significantly on Sunday. This occurred after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast. Meanwhile,…

Oil shipments are rerouted due to restrictions at key straits. Crude oil reaching a new all-time high by December 31 at 13.5% YES.

Only 15 commodity vessels cross vital channel on Sunday