Red Sea shipments face delays amid tensions
Tensions are escalating in the Red Sea as the Houthi group, allied with Iran, threatens the passage of oil tankers, leading to changes in the routes of four oil ships and a decline in market confidence regarding the stability of global oil supplies. Oil prices have also risen to their highest levels in six weeks, increasing by 2.45% to reach $93.24 per barrel, amidst threats from the United States and Iran of further escalation in the region. Military escalations and attacks on vital facilities continue, increasing the risk of disrupting oil shipments and putting more pressure on global markets.
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