Red Sea return dashed by war in Middle East
- Deteriorating security situation in Iran and Strait of Hormuz is affecting traffic in the Red Sea as the Houthis declared solidarity with Iran
- Lloyd’s List Intelligence data shows daily transits through the Bab el Mandeb are lower than average levels since the start of the war
- Although overall traffic slowed, larger ships used the Suez Canal in February with no material changes in the amount of tonnage passing through
Bab el Mandeb traffic is tracking below-average levels since the security situation deteriorated, but more time is needed to fully understand how the conflict will impact routing decisions
