An unidentified projectile landed near a vessel in the southern Red Sea on Friday, according to the UK Maritime Trade Operations (UKMTO). The incident caused no harm to the vessel or its crew. This event is part of ongoing maritime tensions linked to the Yemen conflict, where Houthi forces have repeatedly targeted commercial shipping. The Bab el-Mandeb Strait remains under close scrutiny due to its strategic importance and the history of attacks on shipping routes. Pricing for a closure of the Bab el-Mandeb Strait by September 30 has decreased, suggesting market participants view a complete shutdown as less imminent.
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