London-listed shipbroker Braemar has painted a mixed picture for tankers if the Gaza ceasefire holds and the Houthis stop attacking non-Israeli ships in the Red Sea. A full return to Suez Canal routing will negatively impact tonne-mile demand for tankers, head of research Henry Curra calculated.

The Yemen-based Houthis signaled a pause in their months-long attacks on commercial ships following a ceasefire deal between Israel and Hamas.

Houthi militia leader will monitor the implementation of the Gaza ceasefire agreement between Israel and Palestine aimed at ending the war in Gaza.

Analysis by S&P suggested that the “ceasefire is very likely to collapse beyond its initial phase” as it assessed that the Israeli Defense Force (IDF) would be unlikely to withdraw from Gaza entirely and restrictions to access to the territory would not be fully lifted.

Despite recently touting a Suez route, Mediterranean Shipping Company (MSC) said it will stick to Cape of Good Hope until further notice.