The latest announcement by Yemen's Houthi movement that it intends to impose a maritime blockade targeting Saudi Arabia has revived concerns over one of the world's most important shipping corridors. While the immediate focus has been on energy markets, the implications extend well beyond oil. For the global wood products industry, a prolonged disruption at the Bab el-Mandeb Strait—combined with the continuing restrictions in the Strait of Hormuz—would create one of the most severe logistical shocks since the pandemic.
Houthi Red Sea blockade threat could trigger a new shock for the global wood industry
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