Red Sea and Bab el‑Mandeb Escalation Tightens Screw on Global Grain and Food Trade
Renewed Houthi attacks around Bab el‑Mandeb disrupt Red Sea shipping, lifting freight and risk premiums for grains, oilseeds and sugar. Renewed fighting around Yemen and the Bab el‑Mandeb Strait is tightening constraints on Red Sea shipping, driving up…