Red Sea shipping has slowed significantly following a recent Houthi attack on Saudi Arabia's oil installations along the Red Sea coast. The incident has led to a decrease in ship traffic through the Bab el-Mandeb, a strategic chokepoint that connects the Red Sea to the Gulf of Aden.
The attack, which took place on Sunday, has caused concern among maritime professionals and shipping companies operating in the region. The Bab el-Mandeb is a critical waterway for global trade, with many vessels tracking through the area to reach their destinations. The slowdown in shipping is likely to have a ripple effect on global oil markets and trade, highlighting the importance of maintaining security and stability in the region.