Houthi control of Bab al-Mandab threatens Saudi oil routes, insurance costs, and global shipping as Hormuz pressure grows.
Browsing: Insurance
The Houthis control Yemen’s Red Sea coast and Bab al-Mandab approaches, exposing how cheap weapons let militias disrupt global trade.
Iran’s shadow fleet survives through fake flags, corrupt ports, and complicit insurers. Washington must target the commercial infrastructure enabling it.
War-risk premiums now price tankers out of Hormuz, cutting transits and exposing Pakistan while Gwadar gains strategic value.
Beyond geopolitical pressure, Houthi attacks function as a redistribution mechanism for global wealth through insurance premiums and market signals.
Iran’s “navy of ghosts”—mines, drones, and shore-based missiles—achieves a functional blockade of the Strait of Hormuz by making commercial transit uninsurable.