Iran's conflict escalates to the Red Sea, raising oil supply concerns. Strait of Hormuz traffic normalization by August 31 at 13.5% YES.

Houthi blockade in the Red Sea tightens Iran's grip on energy supplies. Strait of Hormuz traffic normal by August 31 at 14.5% YES.

Shipping disruptions are emerging in key Middle East oil transit routes. Concerns are rising as vessels alter voyages due to security risks. The Strait of Hormuz and Red Sea are…