Red Sea shipping security alert: vessel near Saudi port reports projectile incident

  • This may be of interest to oil traders with markets opening for the new week soon. The good news is the ship and crew are all safe.
anchor ship 14 July 2022

Maritime agencies reported an incident on Sunday southwest of Saudi Arabia’s Red Sea port of Yanbu. According to the UK Maritime Trade Operations (UKMTO), a vessel experienced a nearby splash from an unidentified projectile and heard a loud bang, though its crew remained safe and the ship continued its journey. British security firm Ambrey confirmed awareness of the incident, located about 37.5 nautical miles from Yanbu. Neither agency identified those responsible, and an investigation is underway.

Yanbu is a key port on Saudi Arabia’s Red Sea coast. Since 2023, Yemen’s Iran-aligned Houthis have targeted ships in the Red Sea they consider linked to Israel, citing support for Palestinians in Gaza. It remains unclear whether the Houthis were involved, and they have not commented.

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Oil futures trade will open at 1800 US Eastern time/2200 GMT.

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