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Red Sea Tanker Traffic Hits Multi-Month Low as Houthi Threat Holds

  • Empty supertankers are heading to Egypt's Mediterranean port of Sidi Kerir to collect Saudi crude as observable traffic at the kingdom's key Red Sea export hub, Yanbu, dwindles following threats from Yemen-based Houthi rebels.
  • State-Owned Saudi Aramco has been offering more oil from the Egyptian port after Houthis struck a vessel in the Red Sea last week, utilizing the Suez-Mediterranean Pipeline, or SUMED, to bypass the Strait of Hormuz.
  • At least eight very large crude carriers are signaling Sidi Kerir to arrive by mid-August, with five controlled by South Korea's Sinokor Group, which has remained active in the Persian Gulf since the Iran war started in February.
  • The Marshall Islands-flagged VLCC Bidbid is currently sailing to Sidi Kerir, expected to pick up cargo on Wednesday for delivery to Asia, while Bright and Taga abruptly switched destinations to the Egyptian port.
  • Observable traffic in the Strait of Hormuz remains scant, with only Chinese ships and vessels owned by countries friendly with Iran continuing to transit the region as of Monday, according to data compiled by Kpler.
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34 Articles

Lean Left

The Huthi rebels in Yemen announced Tuesday that they attacked - with several ballistic missiles - a Saudi oil tanker in the Red Sea, who they accused of breaking the naval blockade, which the Iranian-backed rebels claim to have imposed on the Saudi kingdom, reports AFP.

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Lean Right

The vessel was reportedly targeted by "several ballistic missiles, forcing it to turn around", a statement published on social media.

·Paris, France
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(Cairo=Yonhap News) Correspondent Kim Sang-hoon = Yemen's pro-Iranian Houthi rebels announced on the 28th (local time) that they attacked a Saudi Arabian oil tanker with a ballistic missile in the Red Sea...

·Seoul, Korea (the Republic of)
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ussanews.com broke the news on Monday, July 27, 2026.
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