Shipping Crisis: Sharp Drop in Traffic Through the Strait of Hormuz and Bab el-Mandeb Amid Houthi Claims
🚢 <b>Sharp drop in shipping:</b> only 3 vessels passed through the Bab el-Mandeb and Strait of Hormuz on August 5, instead of dozens.
🚀 <b>Reason:</b> Yemeni Houthis claimed attacks on Saudi tankers.
🇸🇦 <b>Reaction:</b> Saudi Arabia officially did not confirm the incidents.
🌍 <b>Risks:</b> threat to the global economy and escalation of conflict with Iran.
Read more →