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Houthis reportedly weigh fees for Red Sea shipping via Bab el-Mandeb
The reported proposal targets most traffic through the Bab el-Mandeb gateway linking the southern Red Sea and the Gulf of Aden, with no implementation timeline given.
Yemen’s Iran-backed Houthi rebels are reportedly considering imposing fees on commercial ships sailing through the southern Red Sea, according to Reuters, with officials exploring charges on most traffic through the Bab el-Mandeb gateway.
The move would come about a week after the Houthis declared a naval blockade on Saudi Arabia, the report said, and it has objectives that include normalizing fee practices on international waterways and increasing pressure on the US.
At the time of writing, market coverage noted crude oil sensitivity to the headlines, with West Texas Intermediate up 6.3% on the day to $83.32, as traders weigh potential disruption risk around key shipping routes.
Latest closeWTI crude $84.41 ▲6.5%