Middle East – Weekend attacks on US Navy ship and commercial vessels

<p>An update on the dangers shipping faces in Middle East waters, with Yemen's Houthi group claiming drone and missile attacks on a US Navy ship and two commercial vessels in the Red Sea.</p><p>US military statement:</p><ul><li>

We're aware of reports regarding attacks on the USS Carney and commercial vessels in the Red Sea</li></ul><p> The reports are of two non-military ships attacked, with one suffering extensive damage and the other whats described as light damage. The terrorists say the ships are Israeli, but Israel denies they are. </p><p>There are many moving part in the oil market at present, the risk of escalating conflict in the Middle East is one of them, a tailwind for the oil market if supply is threatened. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.