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International Business: Red Sea crisis continues to disrupt global shipping

International Business: Red Sea crisis continues to disrupt global shipping
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Two diverted oil tankers enter Red Sea but disruptions continue

Two diverted oil tankers enter Red Sea but disruptions continue
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Two diverted oil tankers enter Red Sea but disruptions continue

Two oil tankers that had diverted away from the Red Sea have turned back and passed through the Bab al-Mandab Strait, ship-tracking data shows, though tensions in the region continued to disrupt global shipping and trade. Until the strikes and despite the Houthi attacks, the majority of vessels continued to traverse the Red Sea, but more ships are diverting course because of escalating tensions. It was not clear what prompted the two tankers' return, but some industry analysts said vessels willing to continue using the Red Sea route might be able to profit from trepidation in other corners of the freight market. ....

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