# Oil supply tightens in Europe over Red Sea disruptions | Israel-Palestine conflict News | Al Jazeera

> Crude supply to Europe from the Middle East has nearly halved as Houthi attacks force tankers to avoid the Red Sea. Brent's market structure reached its most bullish level in two months after US and UK strikes in Yemen.

- Date: 2024-01-20 · published 2024-01-20T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/32313-oil-supply-tightens-in-europe-over-red-sea-disruptions-israel-palestine
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Longer voyages and tighter physical supply in Europe push crude and product prices higher, raising diesel and freight costs.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-08 | [Explainer: Why isn't oil above $100 despite supply disruptions? \| Reuters](https://feedsoft.ai/events/17662-explainer-why-isn-t-oil-above-100-despite-supply-disruptions-reuters.md) | +12.9% | +11.9% |
| BRENT | 2020-01-07 | [US, Iran tensions: Oil traders fear supply disruptions in Middle East](https://feedsoft.ai/events/55332-us-iran-tensions-oil-traders-fear-supply-disruptions-in-middle-east.md) | -7.8% | -22.1% |
| BRENT | 2026-10-02 | [Oil Rises as Mideast Tensions Sustain Supply-Disruption Fears](https://feedsoft.ai/events/9320-oil-rises-as-mideast-tensions-sustain-supply-disruption-fears.md) | +7.5% | +9.7% |
| BRENT | 2026-07-31 | [Supply Disruptions Underpin Crude Oil Prices](https://feedsoft.ai/events/18516-supply-disruptions-underpin-crude-oil-prices.md) | -4.9% | -0.6% |
| BRENT | 2018-01-09 | [OPEC won’t react to small, short-lived oil supply disruptions: senior OPEC source \| NAI 500](https://feedsoft.ai/events/66899-opec-won-t-react-to-small-short-lived-oil-supply-disruptions-senior-opec-source.md) | +2.9% | -0.7% |
| DIESEL | 2026-10-02 | [Oil Rises as Mideast Tensions Sustain Supply-Disruption Fears](https://feedsoft.ai/events/9320-oil-rises-as-mideast-tensions-sustain-supply-disruption-fears.md) | +8.4% | +0.3% |
| DIESEL | 2026-04-05 | [Opec+ approves ‘in principle’ May output increase amid war-related supply disruptions \| The National](https://feedsoft.ai/events/19610-opec-approves-in-principle-may-output-increase-amid-war-related-supply.md) | -15.0% | -10.2% |
| DIESEL | 2024-10-03 | [Oil jumps over $3 a barrel as Middle East conflict stokes supply worry \| Reuters](https://feedsoft.ai/events/10023-oil-jumps-over-3-a-barrel-as-middle-east-conflict-stokes-supply-worry-reuters.md) | +4.4% | +0.8% |

## Sources

- aljazeera.com: https://www.aljazeera.com/news/2024/1/20/oil-supply-tightens-in-europe-over-red-sea-disruptions

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.