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Tue · 28 Jul 2026
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Bab el-Mandeb Shipping Recovers on US-Iran Resolution Hopes

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Bab el-Mandeb Shipping Recovers on US-Iran Resolution Hopes

🚢 BAB EL-MANDEB — Shipping returns on hope, not on any Houthi stand-down order. 📌 LOOK CLOSER: Traffic rising signals traders pricing in resolution before it exists — same dynamic driving Brent lower. Houthis haven't formally ceased operations; Saudi tankers remain exposed. If Thursday restarts strikes, this recovery reverses immediately. The real tell: whether Riyadh privately guaranteed Houthi restraint through the Tehran phone calls.

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