Geopolitics
Fewer than 10 ships transited the Strait of Hormuz daily over the weekend, according to shipping data
StockNow breaking-news AI analysis
Global energy markets face a dual blockade of the Hormuz and Bab el-Mandeb straits, driving Brent over $100 and causing severe supply chain delays and refined product shortages.
News detail
It was separately reported that shipping traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast.
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