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The Economic Times

Global Business / The Economic Times

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More tankers turn back as Houthi threat rattles Red Sea oil trade

Houthi militia warnings are causing tankers to change course in the Red Sea. Two vessels altered their destinations to the Suez Canal after the blockade declaration. European Union naval forces advised ships to avoid voyages through the Red Sea. This situation raises concerns for global energy supplies and international trade routes. Tanker activity is affected as ships await further instructions and reassess risks.

22 Jul 2026 11:31 pm