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Oil Climbs 2% as Houthi Rebels Hit Second Greek Vessel in Red Sea

OilPrice.com Monday, 7 July 2025 ()
A Greek-operated bulk carrier was attacked in the Red Sea on Monday in the second Houthi strike on commercial shipping in less than 24 hours, stoking fears of a renewed escalation in one of the world’s most critical oil transit corridors, Arab and Israel media report. The Eternity C, a Liberia-flagged vessel managed by Athens-based Cosmoship, was hit off Yemen’s Hodeidah coast using a combination of sea drones, rocket-propelled grenades, and small arms. Two seafarers were seriously injured and two more are missing, according to shipping…
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Video Credit: Oneindia - Published
News video: Israel Devastates 6 Major Houthi Targets in Yemen: Ports, Power Plant, Ship Obliterated in an Hour

Israel Devastates 6 Major Houthi Targets in Yemen: Ports, Power Plant, Ship Obliterated in an Hour 03:19

In a dramatic overnight operation, Israeli warplanes struck six high-value Houthi targets across Yemen, including three strategic Red Sea ports, the Ras Kathib power plant, and the radar system aboard the seized Galaxy Leader cargo ship. The IDF claims the ship’s radar was used for maritime...

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