I’m surprised that Trafigura was still transiting the Red Sea with oil but I suspect they won’t be anymore. The company said firefighting equipment on board is being deployed to control a fire caused in one cargo tank on the Marlin Luanda, which is an oil tanker.

The ship was reportedly carrying naphtha and headed to Malaysia.

This is straight up terrorism, I hope the workers on the ship are safe.

Update: Apparently it was carrying Russian fuel.

This article was written by Adam Button at www.forexlive.com.