Ship-tracking data shows fewer vessels using the Strait of Hormuz but steady flows via Bab al-Mandab, underscoring shifting Middle East maritime risk patterns.

Oil shipments are rerouted due to restrictions at key straits. Crude oil reaching a new all-time high by December 31 at 13.5% YES.

Ship-tracking data shows fewer vessels using the Strait of Hormuz but steady flows via Bab al-Mandab, underscoring shifting Middle East maritime risk patterns.