"Global Shipping Strategies Shift Amid Red Sea Conflict"

Following US and UK air strikes on Yemen in response to Houthi militia attacks on ships in the Red Sea, an increasing number of tanker owners are avoiding the region, with multiple tankers changing course. The Combined Maritime Forces warned ships to avoid the Bab al-Mandab Strait, and Iran's seizure of a tanker added to the escalation. Oil prices rose amid fears of supply disruptions, and several shipping companies have opted to avoid the Red Sea region due to heightened risks. Major container shipping companies are considering measures to secure the region, while some oil tanker firms have decided to pause transits through the southern Red Sea.