LONDON—Oil steadied on Tuesday as investors considered the potential impact on oil supply from attacks by Yemen’s Iran-aligned Houthi gunmen against ships in the Red Sea, which have disrupted maritime trade and forced companies to reroute vessels.
The United States on Tuesday announced the creation of a multinational operation to safeguard Red Sea commerce. The United Kingdom, Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles, and Spain are among the nations involved.
