Yemen's Houthi faction is exploring the potential of levying fees on maritime traffic in the southern Red Sea. This fee proposal emerged from discussions between Iranian officials and Houthi delegates. Interestingly, Chinese vessels are set to be exempt from these charges. Should this plan proceed, it threatens to disturb essential energy shipments and impact international trade, augmenting the existing naval blockade declared by the Houthis against Saudi Arabia.

Insurers halt coverage for Saudi-linked ships in the Red Sea amid Houthi blockade. Zero ships transiting Hormuz by July 31 at 7.9% YES.

Shipping in Bab Al Mandeb strait more than halved since Houthis announced blockade

Shipping in Bab Al Mandeb strait more than halved since Houthis announced blockade

Yemen's Houthi faction is exploring the potential of levying fees on maritime traffic in the southern Red Sea. This fee proposal emerged from discussions between Iranian officials…

China was among the first countries to contact the Houthis directly about transits through Bab el-Mandeb, the strait at the southern end of the Red Sea with Yemen on its eastern…