A drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi Arabian oil exports. Houthi threats have already impacted traffic through the Bab el-Mandeb strait. Many tankers are now rerouting north towards the Suez Canal and Sumed pipeline. This shift creates longer and more complex voyages for Asian customers.

By Tsvetana Paraskova of OilPrice.com The Houthi threats to shipping in the Red Sea and its chokepoint, the Bab el-Mandeb Strait, have forced at least one oil tanker carrying…

Renewed Houthi attacks have slowed oil tanker traffic through the Red Sea, threatening Egypt’s Suez Canal revenues and raising shipping costs for businesses

An explosion rocked an LNG vessel at Egypt's Damietta Port after a drone strike. This incident raises fears of conflict spreading to energy hubs. US and Saudi forces conducted…

The Egyptian cabinet stated the fire was the result of an attack rather than an accident