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The Economic Times

Global Business / The Economic Times

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Red Sea shipping slumps after Houthi strikes on Saudi Arabia energy infrastructure

Ship traffic through Bab el-Mandeb declined significantly on Sunday. This occurred after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast. Meanwhile, transit through the Strait of Hormuz stayed low over the weekend. Seven commodity vessels passed through Bab el-Mandeb, the lowest level in months. Red Sea traffic has been disrupted by the Houthis since last week.

27 Jul 2026 6:23 am