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Policy geopoliticsYemenDeveloping story

Houthis seize Mocha and Perim, tightening control of Bab el‑Mandeb Strait

On 10–11 Sep 2026 Houthi forces captured Mocha and Perim (Mayyun) island, effectively tightening control over the Bab el‑Mandeb Strait. The advance raises the prospect of higher shipping and insurance premia and greater risk to global energy flows transiting the Red Sea.

On 10–11 Sep 2026 Houthi forces captured Mocha and Perim (Mayyun) island, effectively tightening control over the Bab el‑Mandeb Strait. The advance raises the prospect of higher shipping and insurance premia and greater risk to global energy flows transiting the Red Sea.

Control of Perim and Mocha places Houthi forces adjacent to the Bab el‑Mandeb shipping lanes, increasing the probability of higher insurance and freight premia for Red Sea transits. That raises import bills and FX/fiscal pressure for countries reliant on Suez/Red Sea routes nearby (notably Djibouti and regional trade hubs), while also adding upside risk to oil price pass‑through for importers.

Whether international naval mandates (e.g., Operation Aspides/EU or US-led protections) expand or coordinated strikes/escorts are authorised within two weeks.

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