Houthi forces consolidate control of Bab el-Mandeb Strait, leading to sharp reduction in Strait of Hormuz tanker traffic.
An Iran-backed militia (Houthis) claims full control of the Bab el-Mandeb Strait, and tanker data shows traffic through the Strait of Hormuz collapsing to fewer than 10 commodity vessels on Thursday. This dual chokepoint stress has pushed Brent crude prices above $100.
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