Two Days After the Houthi Blockade Announcement, the Red Sea Split in Two

AI Summary

Following the Houthi naval blockade announcement on July 20, the Red Sea maritime route has been split into two opposing flows amid escalating regional hostilities. Iranian forces attacked tankers in the Strait of Hormuz, reflecting heightened security risks in a critical shipping corridor.

The Houthis declared a naval blockade against Saudi Arabia on July 20, escalating threats across the Red Sea corridor while Iranian forces struck three tankers in the Strait of Hormuz within 48 hours. That ambiguity is doing real work. Within a day, Windward tracked the market splitting into two opposite flows: commercial tonnage pulling back ...