Houthis' attacks lead London insurers to widen high-risk zone in the Red Sea. Bab el-Mandeb Strait effectively closed by September 30 at 19.5% YES.

Yemen's Houthi group is considering imposing fees on commercial ships sailing through the southern Red Sea, a week after declaring a naval blockade on Saudi Arabia, regional…

London’s marine insurance market has expanded the section of the Red Sea it classifies as high risk following renewed Houthi attacks on commercial vessels.