Red Sea Shipping Slows After Houthi Attack On Saudi Oil Sites, Data Shows
Shipping traffic through the Bab el-Mandeb strait has declined significantly following Houthi attacks on Saudi oil infrastructure. The disruption, coupled with low transit rates in the Strait of Hormuz, highlights growing instability in critical global energy supply routes.
Why it matters
The obstruction of these maritime chokepoints threatens global oil supply chains and could lead to increased energy prices and geopolitical volatility.
Ship traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast, while transit through the Strait of Hormuz stayed low over the weekend, shipping data from Kpler showed on Monday.Eleven commodity vessels passed through the Bab el-Mandeb strait on Sunday, the lowest level in months, the data showed.Red Sea traffic has been disrupted off the coast of Yemen since last week by the Tehran-aligned Houthis, who want to blockade Saudi exports, expanding the US-Iran conflict that has already choked oil supply through the Strait of Hormuz.Seven of the vessels that passed through Bab el-Mandeb were oil tankers with three of them entering the Red Sea.
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