Oil Tanker Shortage And Global Trade Disruptions Amid Red Sea Attacks

The oil tanker industry faces a critical shortage as Houthi attacks in the Red Sea lead to widespread trade diversions.
With an unprecedented low in new supertankers and common avoidance of the southern Red Sea, shipping rates surge, impacting the global petroleum trade.
Factors like production cuts, energy transition movements, and military interventions contribute to the scarcity.
Analysts express optimism for tanker owners despite the challenges.

The oil tanker industry is at a critical...