⚠️ Five oil tankers rerouted in the Red Sea to bypass Bab al-Mandab Strait amid Yemeni🇾🇪 Houthi blockade and missile strikes.



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ThetaSideEye
· 22h ago
Five oil tankers simultaneously changed course to bypass the Strait of Mandeb, underscoring that Houthi missile deterrence is no joke. Once this critical shipping lane in the Red Sea is continually disrupted, the global energy supply chain will again come under pressure, and in the short term oil prices and safe-haven assets such as gold may rise in response.
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CrossMarketCarrier
· 23h ago
This Houthi blockade has forced oil tankers to detour, and as transportation costs rise, prices may be set to increase again; gold likely needs to be used as a hedge as well.
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MemeCafe
· 07-23 07:14
The Red Sea is once again far from peaceful—shipping is going to take a hit.
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BottomPainter
· 07-23 06:48
Geopolitical risk is escalating, and the bullish case for gold just got an additional boost.
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