What happened with Tanker Rates Spike 150% Following Bab el-Mandeb Escalation?

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Houthi control of Yemen's Mocha port doubles tanker rates as MT El Gaia attack endangers Indian crew. Freight and charter rates for India-bound oil tankers jumped by over 150 percent following heightened security risks near the Bab el-Mandeb Strait. The escalation coincided with an attack on the Panam

14 September 2026 Current Affairs

Tanker Rates Spike 150% Following Bab el-Mandeb Escalation