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Houthis seize Bab al-Mandeb area and Perim Island, raising Red Sea shipping risk

On 11 Sep 2026 Houthi forces advanced along Yemen's Red Sea coast, seizing Mokha and Perim Island and asserting control over the Bab al-Mandeb approach. The move tightens Houthi leverage over a major shipping choke point and heightens risk to Red Sea maritime traffic and energy shipments.

On 11 Sep 2026 Houthi forces advanced along Yemen's Red Sea coast, seizing Mokha and Perim Island and asserting control over the Bab al-Mandeb approach. The move tightens Houthi leverage over a major shipping choke point and heightens risk to Red Sea maritime traffic and energy shipments.

Control of Bab al-Mandeb increases the likelihood of higher freight and marine insurance costs for vessels transiting the Red Sea. For African import-dependent economies connected to Suez-Red Sea routes (notably Egypt), this would mechanically raise import bills and FX demand for foreign currency, potentially pressuring sovereign and corporate funding costs if disruptions persist or insurance premia rise significantly.

UN Security Council or coalition naval responses and any reported interruptions to commercial transits through Bab al-Mandeb.

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