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Transport Dept warns of Houthi threat at Bab al-Mandab
The article addresses the risks posed by the escalation of the Iran-backed Houthi movement in the Bab el-Mandeb Strait region. The Houthis control the city of Al-Mokha and an island in the Red Sea, threatening international trade routes and energy supplies. This escalation increases pressure on oil markets and global markets, especially given the Houthis' previous naval blockade against Saudi Arabia. The article also emphasizes the strategic importance of the Bab el-Mandeb Strait as a key passageway for transporting approximately 12-15% of global maritime trade and about 30% of container traffic, with over 25,000 ships passing annually. It highlights that any military disruption could raise shipping and insurance costs and cause delays in supply chains. The article stresses that the complex security situation in the region necessitates enhanced maritime security and robust risk management to ensure the stability of international trade and the protection of energy supplies.
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