A French aircraft carrier is heading south of the Suez Canal and into the Red Sea in preparation for a possible mission aimed at restoring “confidence among shipowners” operating in the Strait of Hormuz, the strategically critical waterway that has been effectively blocked amid the US-Israel war on Iran. The French Ministry of Armed Forces … Read moreFrench warship moves towards Red Sea as Paris eyes Hormuz mission
The structure of the global benchmark Brent crude futures market and some physical markets in Europe and Africa have been reflecting tighter supply partly over concerns about shipping delays as vessels avoid the Red Sea due to missile and drone attacks. The disruptions – which have been the largest to global trade since the COVID-19 … Read moreOil supply tightens in Europe over Red Sea disruptions
The structure of the global benchmark Brent crude futures market and some physical markets in Europe and Africa have been reflecting tighter supply partly over concerns about shipping delays as vessels avoid the Red Sea due to missile and drone attacks. The disruptions – which have been the largest to global trade since the COVID-19 … Read moreOil supply tightens in Europe over Red Sea disruptions