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On August 3, Windward Maritime Analysis, a UK-based company, released ship tracking data showing that six Saudi Arabian oil tankers are heading towards the Cape of Good Hope, bypassing the Bab el-Mandeb Strait and the Red Sea to avoid security risks posed by the Houthi rebels in Yemen to Saudi-related vessels. The companys analysis indicates that for some tankers bound for the United States, the route around the Cape of Good Hope will add approximately six to seven days to the journey compared to the direct route via the Suez Canal and the Bab el-Mandeb Strait. Windward believes that the fact that all six tankers chose to detour during empty segments suggests a broader Saudi operational policy to avoid its vessels entering the relevant waters, rather than a temporary measure targeting specific cargo risks.
Iranian Foreign Minister Araghchi: We come here once a year (to Najaf, Iraq) to draw energy and then leave.
The Swedish Foreign Ministry summoned Russian diplomats.
According to Irans Tasnim News Agency, a spokesperson for the Swiss Foreign Ministry, when asked whether Switzerland would host the US-Iran talks again, stated that Switzerland is in contact with all relevant countries and is prepared to provide necessary assistance should both sides be willing.
The Euro Stoxx 50 index rose 1.2%, hitting a new intraday high since July 6.