By Jonathan Saul and Kanishka Singh
LONDON/WASHINGTON - In a recent development, Yemen's Iran-backed Houthi rebels launched a daring attack on two tankers - the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I - in the Red Sea. The U.S. military has condemned these actions as "reckless acts of terrorism".
The Houthi rebels have claimed responsibility for targeting the Blue Lagoon with missiles and drones, while the Saudi tanker was also reportedly hit. The U.S. Central Command confirmed that both vessels were attacked with ballistic missiles and drones, causing significant damage.
Both tankers were carrying crude oil, with the Amjad holding approximately two million barrels. Despite the attacks, both ships were able to continue their journeys with no casualties reported.
This incident has raised concerns in the global oil market, especially with Saudi Arabia being the world's top oil exporter. The escalating tensions in the region could have a ripple effect on oil prices and the overall economy.
Investors and financial experts are closely monitoring the situation as any disruption in oil supply could lead to price spikes and economic instability. The ongoing conflict in Yemen and the involvement of Iran-backed rebels add another layer of complexity to the already volatile Middle East region.
It is crucial for individuals to stay informed about geopolitical events like these as they can have a direct impact on their investments and financial well-being. Keeping a watchful eye on developments in the oil market and global economy is essential for making informed decisions and mitigating risks.
As we await further updates on the situation in the Red Sea, it is important to stay vigilant and prepared for any potential market fluctuations. Stay tuned for more insights and analysis on how this event could shape the future of the oil industry and influence global markets.
