A close-up of Vladimir Putin in a suit and tie, looking straight-faced.
Russian President Vladimir Putin.
  • Iran-backed Houthi rebels from Yemen targeted a ship carrying Russian oil on Friday.
  • They likely targeted the ship "mistakenly" as it was listed with a UK owner, said a British security firm.
  • The ship is part of a "dark fleet" used to transport sanctioned Russian oil, per Lloyd's List.

Despite a G7-imposed price cap and sweeping wartime sanctions, Russia has managed to keep its energy revenues humming thanks to a dark, or shadow, fleet of oil tankers.

However, a recent incident in the Red Sea highlights some of the risks faced by dark fleet ships, which typically have opaque ownership and frequently change their vessel names and flag registrations. The vessels also obscure their locations by switching off their tracking systems.