For the past two years, maritime traffic through the Suez Canal and Bab al-Mandeb chokepoint has collapsed as Houthis conducted an extremely successful campaign against vessels in the southern Red Sea. The diversion of shipping flows around the Cape introduced additional friction into global supply chains and helped push up shipping costs.
There are now signs of tentative returns to the Red Sea route, after the Houthis last month signalled a pause on their offensive. Shipping flows in the waterway have since increased to levels not seen since early 2024. (CONTINUED - 893 WORDS)
