Bab el-Mandeb Strait effectively closed by...?

Houthi has blocked the bab. Keep dumping notards. Hit my limit buy orders

Until houthis HIT a ship this + oil will not react imo

Houthi militants in Yemen on Monday declared a maritime embargo against Saudi Arabia effective immediately, threatening to exacerbate the oil supply disruption triggered by Iran’s attacks on tankers in the Strait of Hormuz.

The Yemeni Armed Forces announce the prohibition of maritime navigation by the criminal Saudi enemy under the principle of "blockade for blockade." This decision enters into force from the moment this statement is issued.

Things are heating up

Why this didnt Sky rocket yes

there's doubts about the Houthi's willingness/capacity to deliver and also how long it might take. I think the current prices are probably fair.

I see thanks

I reckon it will jump as soon as a boat gets touched

Iranian media is saying that the US targeted power plants, which was their red line for having the Houthis close baba ganoush

BREAKING: A source close to Iran's Ghalibaf says Yemen has begun blocking the Bab el-Mandab Strait, with initial warnings issued to passing ships in the Red Sea and Bab el-Mandab. He says, in the past 48 hours, two Iranian strikes on two ships off Oman's coast, additional warning shots, and one ship seized have been carried out, and a new formation has been established on the opposite side of Bab el-Mandab. The decision will be made at "zero hour."

Babel Man Boob