Maritime transit through Hormuz and Bab al-Mandeb drops significantly following Houthi blockade

Data from Kpler indicates a sharp decline in vessel transit through the Straits of Hormuz and Bab al-Mandeb following a reported Houthi-imposed maritime blockade on Saudi Arabia. The suddenness of the drop suggests immediate rerouting or suspension of shipping operations, though the long-term impact on global energy supply chains remains uncertain.