Oil Tankers Security Threats Reach Worst Levels in Years

Analysts report that the threat to oil tankers in the Middle East is currently the worst since the onset of the Iran war. Recent attacks on vessels in the Red Sea and a significant reduction in traffic through the Strait of Hormuz—down to eight ships on Sunday from over 100 daily before the conflict—underscore this risk. The Iranian-backed Houthi militia has also intensified threats, declaring a blockade on Saudi ports on July 20. This situation raises concerns about global oil flows and market stability, impacting ordinary investors as crude oil supply continues to be jeopardized.