Houthis Attack Ships in Southern Red Sea

22.07.2026 · By Bernal Fintech Markets Desk

Houthis have deployed missiles and drones to attack ships in the southern Red Sea, according to a naval group. The attacks target vessels transiting the Bab el-Mandeb Strait, a critical chokepoint for global oil trade. The move threatens to disrupt millions of barrels per day of Saudi crude oil exports, potentially causing significant ripple effects in global energy markets.

The attacks come amid ongoing tensions in the region, with the Houthis, a Yemeni rebel group, continuing to challenge Saudi Arabia’s control over key maritime routes. The Bab el-Mandeb Strait is a vital passage for oil shipments from the Middle East to Europe and Asia, and any disruption could lead to increased oil prices and supply chain instability.

Context and Background

The Houthis have previously launched attacks on ships in the Red Sea, including a series of drone and missile strikes in 2023 that targeted vessels carrying oil and other goods. These attacks have been attributed to the group’s efforts to undermine Saudi Arabia’s economic and strategic interests in the region. The current escalation raises concerns about the potential for further disruptions to global oil flows.

The Bab el-Mandeb Strait is one of the world’s most important shipping lanes, with approximately 10% of global oil exports passing through it annually. Any prolonged disruption could lead to a sharp increase in oil prices, affecting economies worldwide. The attacks also pose a risk to international shipping companies and insurers, who may face higher costs and increased security measures.

What it means for markets

The attacks on ships in the southern Red Sea could lead to a rise in oil prices and increased volatility in global energy markets. Investors and traders should monitor developments closely, as any prolonged disruption could have far-reaching implications for global trade and economic growth.