The Houthis – previously in control of the elevated area miles from the Red Sea – recently seized a strategic port and island directly on the Bab el-Mandeb Strait chokepoint. This advance, together with last week’s attack on a key Saudi pipeline, marks yet another escalation in Iran-backed steps to threaten energy markets. Some experts … Continue reading Freightos Weekly Update: Red Sea transits accelerate, even as Houthis advance