Precise Market Insights.

In a MAJOR escalation of the US/Iran War, the UKMTO has just reported that a Saudi vessel has been struck in the Bab al-Mandeb, with the Houthi's claiming that TWO vessels have been struck. The significance of this cannot possibly be overstated. This isn't simply "one or two vessels being hit". In fact, it's not "vessels being hit at all". It's the fact that the Bab al-Mandeb Strait is now PERMANENTLY neutered for the remainder of this war. This is the same exact problem that occurred in the Strait of Hormuz. It is not as important that vessels get hit as it is that there is a credible THREAT of vessels being hit. That is enough to severely spike insurance rates. That is enough to ensure that maritime companies simply refuse to send their vessels through these chokepoints. Between the Bab al-Mandeb and the Strait of Hormuz, the global energy crisis has now forever been spiked. There is no unwinding this action. This is about to get BAD.