• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 4 hours How Far Have We Really Gotten With Alternative Energy
  • 5 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 2 days Bankruptcy in the Industry
  • 3 days The United States produced more crude oil than any nation, at any time.


The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Premium Content

Crew Abandons Cargo Ship After Houthi Attack

Red Sea

Attacks on Red Sea shipping from Yemen's Iran-backed Houthis escalated overnight when missiles hit a commercial vessel and forced the crew to evacuate. There are also reports a US drone was knocked out of the sky by an anti-air missile. 

Bloomberg reports missiles hit the engine room of "Rubymar," a Belize-flagged cargo ship sailing through the Bab el-Mandeb Strait connecting the Red Sea and the Gulf of Aden. 

Rubymar reported severe damage after "an explosion in close proximity to the vessel," the British military's United Kingdom Maritime Trade Operations Center reported.

"Military authorities report crew have abandoned the vessel," UKMTO said, adding, "Vessel at anchor and all crew are safe."

This is the first instance the crew of a commercial vessel has been forced to evacuate due to damage sustained by rebel attacks. 

Yahya Sare'e, the Houthis' spokesperson, warned in a statement that Rubymar is "now at risk of potentially sinking." 

"The ship suffered catastrophic damages and came to a complete halt," Sare'e continued. 

He also said Yemeni air defenses shot down a US General Atomics MQ-9 Reaper drone in the region "with a suitable missile while it was carrying out hostile missions against our country." 

UKMTO also reports another incident. 

Despite the US and UK having carried out hundreds of attacks on the country in an attempt to neutralize rebels, continued missile and drone attacks on the international shipping lane represent a failure by the collective West to bring peace and safety to the area. 

By Zerohedge.com

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News