Saudi-led coalition in Yemen says will safeguard its commerical ships in Bab El-Mandeb strait

The Saudi-led coalition's commitment to safeguard commercial ships in the Bab El-Mandeb strait signals an escalation in regional tensions and a proactive stance against potential threats to maritime trade. This development could impact oil prices and shipping routes, with possible implications for broader market risk sentiment, particularly if it signals a longer-term military engagement in the area.