1 Greek Tanker Goes Dark as Houthi Threats Fracture Red Sea Oil Supply Chain
A Greek-owned tanker carrying Saudi crude exited the Red Sea with its transponder off after Houthi militants declared a blockade, while a Chinese vessel openly headed into the strait. The divergence highlights a splintering in oil logistics where Western shipowners increasingly avoid the chokepoint, forcing supply planners to weigh soaring insurance costs against detour delays around Africa.