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

Prediction markets are evaluating the possibility of a naval blockade against Saudi Arabia after Houthis declared a maritime blockade based on an "eye for an eye" principle. The blockade could disrupt Saudi oil exports through the Bab el-Mandeb strait, with prediction odds surging on the news.