Houthi attacks double southern Red Sea shipping insurance costs
Crypto Briefing 2026-07-23 19:23:04
Context: The Houthi attacks have led to a significant increase in shipping insurance costs in the southern Red Sea, with costs doubling. The Bab al-Mandeb Strait, a crucial waterway, was effectively closed by September 30, with a 23% impact. This development has major implications for global shipping and trade.
Key Facts
- The Houthi attacks have caused shipping insurance costs in the southern Red Sea to double, adding significant expenses for shipping companies operating in the region.
- The Bab al-Mandeb Strait was effectively closed by September 30, a critical development that has disrupted shipping operations in the area.