On July 29, according to Reuters citing sources, Yemen’s Houthi movement is considering imposing fees on commercial ships passing through the southern Red Sea. The Houthis declared a maritime embargo against Saudi Arabia on July 20, opening a new front against the United States and its allies and expanding attacks on tankers carrying global energy and other goods to waters beyond the Gulf. Sources said the Houthis are studying the imposition of fees on most vessels passing through the Bab el-Mandeb Strait, though the timing of such measures has not yet been determined. The Houthi media office has not yet responded. Sources indicated that the move aims to normalize the practice of charging for passage through international waterways and increase pressure on the United States. (Jin Shi)
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Houthis Consider Fees on Ships Passing Through Red Sea, Sources Say
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On July 29, WTI crude oil futures rose 5% to $83.219 per barrel; Brent crude oil futures rose 4.69% to $85.933 per barrel. -
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