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Houthi rebels fired ballistic missiles at a cargo vessel at the Bab el-Mandeb Strait on Aug. 11, causing the first fatalities of the conflict.
Panama Canal tolls have surged roughly 16-fold over the past year, with priority passage auctions reaching $1.1 million as traffic shifts from the closed Strait of Hormuz.
Red Sea attacks and Hormuz closure push cargoes onto longer routes and raise freight and fuel costs, adding to landed costs for grain and feed imports into Asia.
en.sedaily.comPark Si-jinAug 12, 2026Not enough comparable past events yet for a historical read.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
