# The entry of the Houthi rebels into the Iran war at the end of March sparked concerns that the group could block the vital Bab al-Mandab strait.

*business · news · 2026-04-14 · Independent.ie*

## Key points

- Bab al-Mandab oil transit dropped from 9.3 million to 4.1 million barrels daily in 2024.
- Trade through the Suez Canal fell by 50% in early 2024 due to regional disruptions.
- Saudi Arabia's Yanbu port now exports 4.6 to 5 million barrels per day, mainly to Asia.
- Insurance costs for shipping surged as vessels rerouted around Africa, adding 10-14 days to journeys.
- Iran's control of the Strait of Hormuz has constrained 20% of global oil supply since the war began.

**Countries:** Iran, China, United States, Djibouti, Yemen, Saudi Arabia, Eritrea, Somalia

[Read the full story on Independent.ie](https://www.independent.ie/world-news/middle-east/houthis-may-now-target-gate-of-tears-another-key-shipping-route-that-could-disrupt-global-economy/a934260795.html)

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