Bab el-Mandeb closure odds climb following renewed Houthi and Iranian threats
· flowframe Pulse
The market price rose after Houthi official Mohammed Mansour and Iranian advisor Ali Akbar Velayati suggested the strait could be closed if Gulf states join US-Israeli operations. These statements have intensified fears of a coordinated maritime blockade as the regional conflict continues to pressure global trade routes.
25¢ → 28¢ • Vol: $0.8M