A cargo vessel was hit by a projectile off the coast of Al-Mokha in Yemen, according to the United Kingdom Maritime Trade Operations. This attack is part of a series of maritime security incidents linked to the ongoing conflict involving Yemen’s Houthi movement. The Red Sea and Bab al-Mandab corridor have been regularly targeted as part of this broader conflict. Market pricing now anticipates only a 13.5% likelihood of normalization of Strait of Hormuz traffic by September 30, down from 16% twenty-four hours earlier and 22% a week ago. Shipping operators and international observers are increasingly concerned about persistent risks to commercial maritime operations in the region.
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