On March 30, 2026, Houthi rebels escalated their military operations by targeting Israeli interests and previously attacking commercial shipping in the Bab el-Mandep Strait.
These developments have significant implications for global shipping infrastructure, as Bab el-Mandep is a critical maritime chokepoint for oil transport.
The surge in oil prices reflects the heightened risk to maritime operations and the potential for further disruptions in supply chains reliant on this route.