Prediction Markets Sound the Alarm: Odds of a Bab el-Mandeb Closure Surge Amid New Blockade Threats

Prediction markets are now positively evaluating the possibility of a naval blockade against Saudi Arabia, now that the Houthis have issued a statement declaring a maritime blockade based on the principle of an “eye for an eye,” seeking to disrupt the flow of Saudi oil exports. Chances of a naval blockade affecting the Bab el-Mandeb […]