Key facts
- Attacks on oil tankers in the Red Sea have escalated.
- Concerns are rising over the security of critical shipping lanes.
- The incidents could impact global oil supply routes.
The Red Sea is a vital waterway for global trade, particularly for oil and gas shipments between Asia and Europe via the Suez Canal. Increased attacks on vessels in this region pose a significant risk to supply chains and could lead to higher shipping costs and energy prices.