WORLDTIMES OF ISRAEL
Red Sea tanker traffic rises as progress in US-Iran talks buoys shippers
Tanker traffic through the Red Sea's Bab el-Mandeb Strait increased to a four-day high amid progress in US-Iran talks, alleviating pressure on oil shipments as the Strait of Hormuz remains largely closed. Rising traffic follows tensions between Saudi Arabia and the Houthi group.
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Adjacent reporting
- Oil tanker traffic in Strait of Hormuz jumps after U.S. and Iran implement deal to open sea lane
- Strait of Hormuz traffic ramps up in wake of U.S.-Iran deal signing
- Bab el-Mandeb shipping rises amid hopes of resolution in US-Iran war
- Strait of Hormuz traffic ramps up in wake of U.S.-Iran deal signing
- Oil prices rise as US-Iran tensions disrupt shipping
- The Strait of Hormuz’s future is unsettled even as more ships venture through