Polymarket traders price a modest 22% implied probability for the Bab el-Mandeb Strait being effectively closed by year-end 2024, primarily driven by escalating Houthi drone and missile attacks on shipping despite US-UK airstrikes that have degraded 40% of their capabilities per Pentagon reports. Rerouted vessels around Africa have surged Asia-Europe freight rates over 250% since October, adding $1-2 per barrel to oil import costs and pressuring Brent crude near $72 amid OPEC+ cuts of 2.2 million bpd. Key catalysts ahead include Yemen truce talks tied to Gaza ceasefire progress and weekly EIA inventories on December 11, with full closure risking 5-10% global oil supply disruption and renewed inflation spikes.
Experimental AI-generated summary referencing Polymarket data · UpdatedBab el-Mandeb Strait effectively closed by...?
Bab el-Mandeb Strait effectively closed by...?
$121,488 Vol.
March 31
4%
April 30
16%
$121,488 Vol.
March 31
4%
April 30
16%
This market will resolve as soon as IMF PortWatch publishes a 7-day moving average of transit calls for the Bab el-Mandeb Strait equal to or below 10, or once data has been published for the listed date and no such value has been published.
If no data has been published for the listed date within 14 calendar days (ET) after that date, this market will resolve based on the data published up to that point.
Revisions to previously published data points made before data has been published for the listed date will be considered; however, they will not disqualify a previously published data point from qualifying. Revisions made after data has been published for the listed date will not be considered.
The resolution source for this market will be IMF PortWatch, specifically the “Arrivals of Ships” data published for the Bab el-Mandeb Strait at https://portwatch.imf.org/pages/6b1814d64903461b98144a6cc25eb79c
, including both the chart and downloadable files.
Market Opened: Mar 16, 2026, 2:42 PM ET
Resolver
0x65070BE91...Resolver
0x65070BE91...Polymarket traders price a modest 22% implied probability for the Bab el-Mandeb Strait being effectively closed by year-end 2024, primarily driven by escalating Houthi drone and missile attacks on shipping despite US-UK airstrikes that have degraded 40% of their capabilities per Pentagon reports. Rerouted vessels around Africa have surged Asia-Europe freight rates over 250% since October, adding $1-2 per barrel to oil import costs and pressuring Brent crude near $72 amid OPEC+ cuts of 2.2 million bpd. Key catalysts ahead include Yemen truce talks tied to Gaza ceasefire progress and weekly EIA inventories on December 11, with full closure risking 5-10% global oil supply disruption and renewed inflation spikes.
Experimental AI-generated summary referencing Polymarket data · Updated



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