Summary

• Hormuz indirect talks continue amid reports of a possible resurrected MoU deal.

• Shipping remains stalled with virtually no tanker traffic through Hormuz.

• Iran insists Hormuz stays closed unless its terms are accepted.

• Houthis escalate attacks, prompting more ships to avoid the Red Sea.

Shipping Latest: Bab El Mandeb & Hormuz

Iran has reaffirmed that if Oman does not agree to its terms for the Strait of Hormuz, the the vital oil transit waterway will remain closed, per Iran's Deputy Foreign Minister. This also as things are again heating up in the Red Sea region, with the Houthis late Tuesday announcing they've once again targeted a Saudi oil tanker for violating the blockade. Reuters reports:

Yemen's Houthis claim to have fired ballistic missiles at a Saudi oil tanker, accusing the vessel of violating what they describe as their maritime blockade on Saudi Arabia in the Red Sea and ignoring warning calls.

The Iran-aligned group's military spokesperson, Yahya Saree, claims the vessel was forced to turn back.

According to separate reporting, China is holding direct negotiations with Yemen's Houthis to ensure safe passage for its ships through the southern Red Sea.