Red Sea Traffic Slows as Houthi Attacks Deter Saudi-Bound Shipping

🚢 RED SEA — Shipping data moves markets before any official statement does. 📌 LOOK CLOSER: Measurable traffic slowdown confirms Houthis are achieving strategic effect without closing Bab al-Mandeb entirely. Partial deterrence is enough: insurers reprice, operators reroute, Saudi export timelines slip. With Yanbu already struck and Hormuz near-closed, even partial Red Sea degradation eliminates the bypass route. European energy buyers absorbing rerouting premiums around the Cape face weeks of added lead time.