London insurers have expanded the high-risk zone in the Red Sea following a series of attacks by the Houthi movement. This decision follows recent strikes against Saudi-linked tankers and oil facilities. The adjustment does not imply a complete halt to shipping but suggests that vessels may face greater war-risk exposure and higher insurance premiums. The Bab el-Mandeb Strait could potentially close before September 30, although the odds remain below 20%.
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