Even partial Houthi disruption of Bab el-Mandeb has already had material market impact. Since late-2023 Houthi attacks in the southern Red Sea and Bab el-Mandeb—framed as support for Palestinians in Gaza—prompted major shipping and oil companies to bypass the Suez Canal and reroute around Africa. If Houthis further choke the strait, Iran could secure a strategic advantage versus the US in any wider conflict; Kpler shows June volumes transiting Bab el-Mandeb accounted for roughly 7% of global oil

2026-09-10

Even partial Houthi disruption of Bab el-Mandeb has already had material market impact. Since late-2023 Houthi attacks in the southern Red Sea and Bab el-Mandeb—framed as support for Palestinians in Gaza—prompted major shipping and oil companies to bypass the Suez Canal and reroute around Africa. If Houthis further choke the strait, Iran could secure a strategic advantage versus the US in any wider conflict; Kpler shows June volumes transiting Bab el-Mandeb accounted for roughly 7% of global oil production.