Tanker reroutes around Africa instead of Red Sea amid Houthi threat

1. 1Denmark-flagged tanker Torm Innovation switched from the Red Sea to an African detour route due to the Houthi threat.
2. 2The vessel, carrying 500,000 barrels of naphtha from Saudi Yanbu to Japan, shifted its route to pass through the Cape of Good Hope instead of the Suez Canal.
3. 3The move comes after two Saudi tankers were hit by Houthi projectiles this week, and ING warned that Brent crude could exceed $120 per barrel if the Strait of Hormuz is closed through August.

Source Bloomberg +2 · View original ↗

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