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Policy geopoliticsYemenDeveloping story

Houthis seize Perim Island, gaining control of Bab el‑Mandeb and threatening Red Sea shipping

On 11 September 2026 Iran‑aligned Houthi forces captured Perim (Mayyun) Island and pushed to control the Bab el‑Mandeb strait, completing a rapid Red Sea offensive that puts a major shipping choke point under Houthi influence and raises risks to Red Sea transit and regional logistics.

On 11 September 2026 Iran‑aligned Houthi forces captured Perim (Mayyun) Island and pushed to control the Bab el‑Mandeb strait, completing a rapid Red Sea offensive that puts a major shipping choke point under Houthi influence and raises risks to Red Sea transit and regional logistics.

Control of Perim and tighter Houthi operations around Bab el‑Mandeb raises freight, rerouting and war‑risk insurance costs for ships using the Red Sea. East African importers and port‑linked corporates that depend on Red Sea routes face higher imported‑goods costs and FX pressure; oil exporters and economies less transit‑dependent will see more dispersed impacts. The scale of inflationary pass‑through depends on duration of disruption and carriers’ re‑routing choices.

Watch for formal carrier rerouting notices, insurance war‑risk premium resets, or multinational naval mandate expansions within the next weeks.

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