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70CONFLICT

Renewed fighting in Yemen kills over 300 as Houthi forces battle for control of Red Sea gateway

⚡ Markets: Threatens another major maritime chokepoint in addition to the Strait of Hormuz. An escalation could disrupt traffic through the Suez Canal, increasing shipping costs and transit times. Bullish for shipping rates and energy prices.Brentshipping stocks

Intense fighting has erupted again in Yemen, killing more than 300 combatants and civilians in recent days. The clashes are focused on controlling access to the strategic Bab al-Mandab Strait, a critical chokepoint for global shipping at the entrance to the Red Sea.

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