Houthi offensive on Bab el-Mandeb Strait threatens new Red Sea shipping crisis

The Houthi rebels have launched an offensive on the Bab el-Mandeb Strait, a critical shipping route in the Red Sea. This development threatens a new shipping crisis, as the strait is a vital waterway for global trade, with many oil tankers and cargo ships passing through it. The conflict between the Houthi rebels and Saudi-backed government forces in Yemen could disrupt global supply chains and have a significant impact on the economy, particularly in the energy and shipping sectors.

Why it matters

The Houthi offensive on the Bab el-Mandeb Strait could disrupt shipping lanes and drive up freight costs. This could have a ripple effect on global trade and commodity prices.

Market impact

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