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US strikes on Houthi sites in Yemen have revived Red Sea transit risks. Satellite data show Suez Canal transits fell to about 930 in February, 53% below February 2023, while Cape of Good Hope transits reached nearly 2,500.
Continued Red Sea diversions lengthen voyages around Africa and keep ocean freight costs elevated for grain and oilseed shipments between Asia, Europe and the Americas.
research.mobiusriskgroup.comMobius ResearchMar 18, 2025Not enough comparable past events yet for a historical read.
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.
