The Saudi-led military coalition in Yemen on Monday accused Houthi rebels of hijacking a tugboat towing a South Korean-owned drilling rig in the south of the Red Sea, according to a report by the state-run Saudi Press Agency. The alleged hijacking occurred at 10:58 pm local time Sunday (1958 GMT), coalition spokesman Col. Turki al-Maliki said. Ship operators in the Middle East have been on high alert, as conflict between the Saudi-led coalition and Iran-backed Houthi rebels in Yemen has spilled over into the Red Sea and the Persian Gulf. In July, Saudi Aramco temporarily halted oil shipments through the Bab al-Mandeb strait at the south end of the Red Sea, after it said two of its VLCCs were attacked by Houthi militants. — Herman Wang, — Edited by James Burgess, cFlow View, monitor and analyze the key factors affecting the supply chain and impacting […]