global trade

Oil tanker on fire after Houthi missile attack, firm says

In the midst of the ongoing conflict in Yemen, an oil tanker has been set ablaze after a missile attack by the Houthi rebels, according to the firm Trafigura. This act of aggression is not only concerning but also incredibly dangerous. Attacking oil ships poses a significant threat not only to the region but also to global trade and stability.

The timing of this attack is particularly inflammatory. Europe is already struggling to secure oil supplies due to the war in Ukraine. Targeting oil tankers could potentially push the Houthi conflict over the edge, exacerbating an already dire situation. Interfering with world trade is never a wise move and can result in severe consequences for those involved.… Continue reading