Saudi Oil Tankers Go 'Dark' in Red Sea Amid Houthi Threats, Impacting Supply Routes

Two Saudi oil tankers, Amazon and Rodos, carrying crude for Indian refiners, navigated the Red Sea's Bab el-Mandeb Strait by switching off their Automatic Identification System transponders. This move, described as normal practice in war zones, follows Houthi threats and a blockade on Saudi shipments, marking the first such incident for Saudi crude to India. The vessels took this measure after other Dynacom ships were hit by projectiles, highlighting escalating risks in a critical global shipping lane. Heightened geopolitical tensions and disruptions to major oil routes could push crude oil prices higher, potentially increasing Pakistan's import bill and contributing to domestic inflation and PKR depreciation.

بحوالہ / Source: www.brecorder.com