Vessel traffic through the Strait of Hormuz and Bab el-Mandeb Strait is in decline ⤵️ 📉 Sharp fall in commercial shipping is putting renewed pressure on Middle

Vessel traffic through the Strait of Hormuz and Bab el-Mandeb Strait is in decline ⤵️ 📉 Sharp fall in commercial shipping is putting renewed pressure on Middle East oil exports ▪️ The disruption comes amid rising US-Iran tensions over Hormuz navigation and intensified Houthi attacks near Bab el-Mandeb since September, prompting military operations by the Saudi-led coalition 🔗