Houthi forces seized Yemen’s Red Sea coast including the port of Mokha, Perim Island, and the Hanish Islands in early September 2026, placing them in direct positions overlooking the Bab el-Mandeb Strait. This territorial advance has coincided with a sharp drop in vessel transits—often to roughly half pre-crisis levels—with many operators rerouting around the Cape of Good Hope amid heightened attack risks. The group maintains a selective maritime embargo focused on Saudi-linked shipping while stating that other navigation remains open. Ongoing clashes with Yemeni government forces and regional tensions tied to the U.S.-Iran conflict continue to shape risk assessments. Traders price these developments as elevating the chance of effective closure without yet reaching a full halt in commercial traffic.
Экспериментальная сводка, созданная ИИ на основе данных Polymarket. Это не является торговой рекомендацией и не влияет на то, как разрешается этот рынок. · ОбновленоStrait 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.
Strait of Hormuz closed by Iran, Bab el-Mandeb under Houthi control
December 31 drops to 13%5%
Iran’s closure of the Strait of Hormuz combined with Houthi control of Bab el-Mandeb created a dual blockade scenario, severely constraining global oil exports and elevating geopolitical risk premiums in energy markets.


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