With tensions over naval navigation in the Middle East reaching a critical point once more, here’s what you need to know.

Houthis closed the Bab el-Mandeb Strait, threatening 60% of Middle East oil exports. Closure by September 30 at 17.5% YES.

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 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.…