Iran shifts focus to the Red Sea, leveraging Houthi rebels amid US tensions. Strait of Hormuz traffic returns to normal by August 31 at 12.5% YES.

Iran closes the Strait of Hormuz, disrupting global oil supply. Traffic returning to normal by August 31 at 16.5% YES.

Iran asserts control over the Strait of Hormuz amid US tensions. Traffic normalization by August 31 at 15.5% YES.

Iran blocks the Strait of Hormuz amid rising tensions. Traffic normalization by August 31 at 12.5% YES.

Iran is signaling potential closure of the Bab el-Mandeb Strait via its Houthi allies. This move risks disrupting global trade and vital energy supplies through the Red Sea.…

Iran has signalled that it could expand pressure beyond the Strait of Hormuz to another of the world's most critical maritime chokepoints, the Bab el-Mandeb Strait at the southern…