U.S. naval interdiction enforces strict blockade parameters along Iranian maritime zones, while Yemeni Houthis (Ansar Allah) expand the theater by declaring a full naval embargo on Saudi Arabia in the Red Sea / Bab al-Mandeb, striking commercial energy hulls.
Drewry WCI hits peak 10-month high as regional trade corridors seize.
MEG–China (TD3C) spot VLCC rates hover near historical war-risk highs (WS 439).
7th-Gen ultra-deepwater floaters command record high fixtures amid floater supply tightness.
U.S. refining capacity utilization hits 96.1% as domestic facilities run red-line throughput to meet distillate shortfalls, pushing 3-2-1 crack spreads to $64.30/bbl.
Houthi forces formally declare a Red Sea naval embargo on Saudi Arabia, launching anti-ship missiles at energy transport vessels transiting the Bab al-Mandeb Strait.
The U.S. Navy reimposed active naval interdiction across Iranian port approaches following renewed strikes on commercial shipping, intercepting dozens of non-compliant vessels.
With domestic crude stocks hit by the prolonged conflict, the U.S. SPR has hit a 43-year bottom of 307.65 million barrels, removing vital energy security insulation as hostilities boil over.