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Houthi militants resumed attacks on merchant shipping in early July, the first of 2025, reportedly sinking two Greek dry bulk carriers and killing at least three seafarers. Tanker rates and insurance premiums are rising, while Bab al-Mandab transits remain down over 60% from pre-war levels.
Renewed Red Sea risk keeps ships on the longer Cape route, sustaining high freight and bunker costs that raise landed prices for grain imports into Asia and the Middle East.
spglobal.comMax LinJul 9, 2025Not 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.
