The Middle East crisis caused an increase in oil prices. The Houthi movement in Yemen intends to increase the area it targets around the Red Sea.
Disruptions are causing more oil tankers to steer clear of the southern Red Sea.
For several days, all ships were advised by the Combined Maritime Forces, led by the United States, to stay away from the Bab al-Mandab Strait.
Last week, when Iran took control of a tanker south of the Strait of Hormuz. Tensions in the region surrounding shipping extended to the opposite side of the peninsula.