Red Sea shipping slows after Houthi attacks on Saudi Arabia: Data

Houthi attacks on Saudi oil depots caused ship traffic through the Bab el-Mandeb Strait to drop to its lowest level in months, according to Kpler. Only eleven cargo vessels passed through the strait following the incidents. Meanwhile, Saudi Arabia has reserved the right to respond to drone attacks originating from Iraq. These combined events are influencing market perceptions and increasing the potential for further military escalation, which may heighten regional instability across the Red Sea area.