Cargo Ship Triggers Distress Alert 30 Nautical Miles Off Yemen as Red Sea Route Regains Importance
Updated
Updated · CNBC · Jul 5
Cargo Ship Triggers Distress Alert 30 Nautical Miles Off Yemen as Red Sea Route Regains Importance
3 articles · Updated · CNBC · Jul 5
Summary
A cargo vessel reported an attack 30 nautical miles southwest of Yemen's Al Hudaydah, prompting a distress alert to the UKMTO and an investigation by authorities.
UKMTO said unknown assailants were involved and urged ships to transit with caution through the area near the Bab el-Mandeb chokepoint.
The incident comes as Red Sea traffic has regained strategic weight after the June 17 U.S.-Iran memorandum to reopen Hormuz, with Saudi Arabia shipping about 34 million barrels through the strait since then.
That recovery had helped ease oil-market strain after Iranian attacks disrupted Hormuz traffic earlier this year; Brent crude has since fallen 39% from its March highs.