Shipping Risks Rise After Bab al-Mandab Attacks

In recent days, the region has witnessed an increase in attacks on ships in the Red Sea near the Bab el-Mandeb Strait. Two ships were attacked by an unidentified remotely operated boat, resulting in the sinking of one vessel and the burning of another, with no group claiming responsibility. The Houthis, supported by Iran, have threatened to continue escalating their attacks on Saudi ships and to divert them away from the strait. This represents a significant threat to global shipping security. Although there has been some relative easing, commercial navigation still faces risks and ongoing threats from the armed group, jeopardizing the stability of the oil market and maritime trade in the region.

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