Yemen's Houthis Say They Targeted 'MSC Darwin, MSC Gina, MV Yorktown' And Us Destroyer In Gulf Of Aden
Portfolio Pulse from Benzinga Newsdesk
Yemen's Houthi rebels have claimed responsibility for targeting the 'MSC Darwin, MSC Gina, MV Yorktown' and a US destroyer in the Gulf of Aden, according to Reuters. The incident could potentially escalate tensions in the region, affecting maritime and oil market dynamics.
April 10, 2024 | 4:35 pm
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The targeting of vessels in the Gulf of Aden by Yemen's Houthis, including a potential impact on a US destroyer, could lead to heightened security concerns in a crucial passage for global oil shipments, potentially affecting oil prices and thus impacting USO.
The Gulf of Aden is a strategic chokepoint in global oil transportation. Any threat to shipping in this region can lead to increased oil prices due to perceived risks of supply disruptions. As USO tracks the price of oil, any increase in oil prices due to these tensions could positively impact USO's price in the short term.
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