Houthi forces' rapid September 2026 territorial gains along Yemen's Red Sea coast, including capture of the port of Mokha, Perim Island, and the Hanish islands, have placed both shores and key islands of the Bab el-Mandeb Strait under their control for the first time. These advances, occurring amid the broader U.S.-Iran conflict and a Houthi maritime embargo targeting Saudi-linked vessels, have driven sharp reductions in daily transits—often 50-60% below pre-2023 levels—with many operators rerouting via the Cape of Good Hope or facing elevated war-risk premiums. Traders assign roughly 22% probability of effective closure by year-end, reflecting the group's enhanced ability to monitor and interdict traffic despite official statements that navigation remains open to non-hostile vessels. No formal closure has been declared by any authority, and limited commercial movements continue under heightened risk.
Polymarket ডেটা রেফারেন্স করে পরীক্ষামূলক AI-জেনারেটেড সারাংশ। এটি ট্রেডিং পরামর্শ নয় এবং এই মার্কেট কীভাবে রেজলভ হয় তাতে কোনো ভূমিকা রাখে না। · আপডেটেডStrait of Hormuz remains closed by Iran; Bab el-Mandeb under Houthi control but open to non-Saudi vessels
As of September 18, Iran's closure of the Strait of Hormuz continued, while Houthis controlled Bab el-Mandeb, allowing navigation except for Saudi vessels. This selective blockade maintained transit above closure thresholds, influencing market pricing toward no full closure.
Iran declares Strait of Hormuz closed; Houthis control Bab el-Mandeb navigation with restrictions
September 15 dips to 0%1%
Iran officially closed the Strait of Hormuz, while Houthi forces controlled navigation through Bab el-Mandeb, allowing passage for all except Saudi vessels, maintaining partial openness but increasing regional tensions.

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