A rocky headland at the Atlantic fringe of South Africa; a historic maritime landmark
Global shipping authorities warn that parallel, opaque systems are fragmenting trade routes, raising costs and destabilising supply chains amid Middle East tensions and wider geopolitical frictions. Markets have already priced in heightened risk as sanctions-evading vessels and longer routes push freight costs higher.
The Houthis have captured Mokha and Mayun (Perim), extending their reach near a key shipping lane. The developments threaten flows through the Bab el-Mandeb Strait, a chokepoint for global oil and cargo, while Saudi exports remain stressed by past disruptions and shifting routes. Authorities note ongoing tensions and potential further escalation.
The Houthis have intensified their grip on Yemen’s western coast, pushing into Mocha and nearby Red Sea fronts. Displacement has surged, with tens of thousands fleeing to camps in Yemen and neighboring Djibouti as major shipping routes face heightened risk. The humanitarian outlook remains dire with millions needing aid.