A Saudi-backed ground push to reopen Bab Al Mandab could start within weeks
Getting ships through the strait again is the priority, and Riyadh may keep the operation narrow
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Getting ships through the strait again is the priority, and Riyadh may keep the operation narrow
A single VLCC transfer now takes up to six days, and freight is above USD 1 mn a day
Availability is beating age in a tanker market starved for ships
The service uses two vessels, the Marsa Virgo and the Marsa Zenith
The handoff for most barrels is happening offshore, pushing up freight costs and transfer times
What we’re tracking this morning regionally and around the world
Stories on our radar this morning from around the region
An agreement before the midterms looks unlikely, and the bill for ships trapped in the Gulf comes due in February
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