Due to several attacks on merchant ships in the Red Sea, decides $MAERSK A (+0.88%) decided not to allow its container ships to sail through the area for the time being.

A Maersk ship was itself attacked, but was able to defend itself successfully.

The Huthi rebels in Yemensupported by Iranare responsible for such attacks, which aim to destroy ships on their way to Israel to Israel. Due to this danger, some shipping companies are diverting their ships around the Cape
of Good Hopeto avoid the Red Sea.

The Red Sea is considered an important trade route, but the insecurity caused by these attacks leads shipping companies to choose alternative routes.

This can include oil prices influence oil prices.