Yemen's Houthi group is considering imposing fees on commercial ships sailing through the southern Red Sea.

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 traffic through the Red Sea and Bab el-Mandeb strait declines after Houthi attacks on Saudi oil facilities.

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…