Dozens of tankers have crossed the Red Sea this week despite disruptions caused by Houthi attacks near the Bab el-Mandeb Strait. Although the Houthis have declared a maritime blockade, shipping has not been completely halted. Current market pricing reflects a reduced probability of an effective closure of the strait by September 30. No new attacks on commercial vessels have been reported recently, suggesting the escalation level remains below a full maritime shutdown.
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