A Houthi official has warned
- Vessels sailing through the Red Sea not to turn off radios and to rapidly respond to orders that Houthi give.
- Vessels navigating through the Red Sea should avoid falsifying their identity or raise flags other than those of the owner's country
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What a plonker. Commercial shipping tends to leave its radios on at all times! As for following orders of terrorists, here's one of their own with a message.
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For markets, oil traders are wary of Middle East escalation and the potential for supply disruption. So far so good though.
