Houthis announce maritime blockade on Saudi Arabia, threatening global energy flows and risk asset calculus

Houthis have declared a maritime blockade on Saudi Arabia, specifically targeting the Bab el-Mandeb Strait. This action threatens global energy flows and oil exports, potentially creating an oil supply shock that could impact risk asset calculus and crypto markets. There is a reported 45% probability of successful shipping attacks occurring by July 31, 2026. The situation raises significant concerns regarding the stability of international shipping and the security of energy distribution networks.