Bab el-Mandeb Reopens to Commodity Traffic as Hormuz Stays Near-Shut
🚢 MANDEB — 25 ships moved through the strait Houthis were threatening to close last week. 📌 LOOK CLOSER: Bab el-Mandeb commodity flow resuming while Hormuz stays thin signals a tactical split: Houthis may be selectively allowing passage to avoid triggering Saudi-US response. European spot desks watching Damietta get hit days ago now see one corridor crack open as another stays shut. This is rerouting, not recovery.