Following a missile strike by Yemen-based Houthi fighters, an oil ship caught fire in the Red Sea.
The missile targeted the tanker ship carrying petroleum supplies, Marlin Luanda, in the Gulf of Aden. According to the spokeswoman, a fire in one of the cargo tanks is being put out with the help of firefighting apparatus on board.
“We remain in contact with the vessel and are monitoring the situation carefully,” Trafigura said. “Military ships in the region are underway to provide assistance.”
The trading company Trafigura, which has operations near London, stated that it continues to communicate with the 250-meter-long vessel.
A UK-registered firm called Oceonix Services Ltd is the operator of the vessel.
In a statement, the US military claimed to have shot down an anti-ship ballistic missile launched from a Yemeni region under Houthi control, with no casualties or property damage reported.
Since November 19, Houthi terrorists in Yemen, who are affiliated with Iran, have responded to Israel’s military actions in Gaza by firing waves of explosive drones and missiles at ships. Certain maritime companies have opted to take longer and more expensive routes around Africa in place of the Red Sea transits.
The Red Sea, a vital artery for global trade, has become a hotspot of tension in recent months. Houthi rebels in Yemen, backed by Iran, have launched a series of attacks on shipping vessels transiting the waterway. These attacks are not just a regional security concern; they are sending shockwaves through the global economy, with far-reaching consequences.
Oil prices spiked to their highest level in two months, highlighting the geopolitical dangers to crude supplies.
The price of West Texas Intermediate hit a record high of US$78 per barrel, the highest since November. This week’s increase in crude prices to over 6% is the largest since the week following the commencement of the Israel-Hamas conflict.
Roughly 12% of all trade, including 30% of all container traffic, is carried out via the Red Sea. Ships have been compelled to reroute around the Cape of Hope due to attacks and the possibility of attacks, which has resulted in longer travel times and higher fuel and operating expenses.