Oil Prices Spike After Houthis Target Ships in Red Sea

Julian, what what do we know about the ability of ships currently to traverse through the Red Sea, and just how dramatic of an escalation and an issue is it for these oil markets. Well, I think it's quite a significant escalation. This is the first attack by Houthis on shipping in the Southern Red Sea for months now.They clearly warned that they were going to do this, and they have followed through. On the other hand, we have seen two Chinese owned tankers, full of Saudi crude that are, at this very moment ...