A missile strike has killed three crew members aboard a commercial ship in the Bab al-Mandab Strait, according to reports. This incident highlights the growing risks in this strategic maritime corridor, increasingly targeted amid the Yemen conflict where the Houthi movement is active. The Bab al-Mandab Strait is a critical passage for global shipping. Analysts note that this escalation could influence commercial operators and insurers to reconsider their use of this critical shipping lane. Markets currently price an 11% probability of the strait being closed by September 30.
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