Yemen sea routes risk
No sign of easing of tensions.
Yemen war risk could strangle strategic sea trade routes
LONDON, May 13 (Reuters) – With Middle East giants Saudi Arabia and Iran squaring up on opposing sides in the Yemen war, the dangers to vital oil tanker and goods voyages are growing daily.
Millions of barrels of oil pass through the Bab el-Mandeb and Strait of Hormuz everyday to Europe, the United States and Asia – waterways which pass along the coasts of Yemen and Iran respectively. Insurance costs for shippers are likely to jump.
Last week Iran released Marshall-Islands container ship Maersk Tigris and its crew which were seized in the Strait of Hormuz. This prompted the United States to send vessels to temporarily accompany U.S. flagged ships through the strait. Iranian patrol boats had shadowed a separate container ship earlier last month.
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