Mandeb strait decreased by 50% after the Yemeni rebels launched maritime attacks, according to the US Energy Information Administration.

Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.

The Yemeni rebel group says it will stop targeting vessels that transit the Red Sea.

Yemen’s Iran-backed Houthi movement has released the crew of a cargo ship more than a year after its fighters hijacked the vessel in the Red Sea, as part of its campaign of attacks in support of Hamas in its war against Israel.

Yemen’s Houthi rebels have signaled they will limit their attacks in the Red Sea corridor to only Israeli-affiliated ships as a ceasefire in the Gaza Strip takes hold.

The move by the Iranian-backed Houthis marks their latest effort to de-escalate their attacks following a ceasefire in Gaza.

Yemen's Houthi rebels have released the crew of the Galaxy Leader, a vehicle carrier seized in November 2023 at the start of their attacks on shipping in the Red Sea corridor over the Israel-Hamas war.