No. of Recommendations: 3
Tankers with Saudi crude turn back as Houthis open new front in US-Iran war
DUBAI, July 21 (Reuters) - Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-aligned Houthis, as a widening Middle East conflict disrupted shipping through two of the world's most critical energy chokepoints.reuters.com - Iranian forces target bahrain kuwait after US hits irans southNot a problem for Suezmax tankers headed for Europe. A major problem for Asian customers. The number of Suezmax tankers is probably limited, so customers would need to set up a transfer point where oil could be transferred from Suezmax ships in the Med, for the long trip around Africa, to Asia. Or, the Asian customers could look east. Remember how Trump the Conqueror was bragging, in April, about ships coming to the US to bid against USians for US, and Venezuelan, crude? And, when they outbid USians, how do they get it to Asian markets? Through the Panama Canal, controlled by another Trump front man.
17d chess
Steve
