Each year, approximately 12 to 15 percent of global maritime trade worth more than $1 trillion transits the waterway, which extends from the Suez Canal in the north to the Bab el-Mandeb Strait in the south.

Saudi tankers reroute to avoid Gulf of Aden amid Houthi threats. Strait of Hormuz traffic returns to normal by December 31 at 57.5% YES.

Each year, approximately 12 to 15 percent of global maritime trade worth more than $1 trillion transits the waterway, which extends from the Suez Canal in the north to the Bab…