Transport Infrastructure
Red Sea insurance almost doubles after attacked oil tanker appears to leak oil
The cost of insurance coverage for ships cruising through the Red Sea has actually almost doubled after Yemen's Houthis assaulted a tanker that appears to be leaking oil, with environmental worries growing for trade route, market sources stated on Wednesday. Iran-aligned Houthi militants first released aerial drone and missile strikes on the waterway in November in what they state is uniformity with Palestinians in Gaza. In over 70 attacks, they have sunk two vessels, seized another and killed a minimum of three seafarers. In the current escalation, the Greek-flagged Sounion tanker was attacked recently by several projectiles and appears to...