Yemen Conflict & Trade Pressure: Houthis escalated attacks on Mokha, a key government-held port and Red Sea monitoring hub, hitting drones/missiles and threatening Saudi-linked maritime stability and local economic activity. Red Sea Shipping Risk: The wider “chokepoint” squeeze is feeding into higher costs and delays as vessels reroute and insurers price in risk, with Yemen’s role in Bab el-Mandeb disruptions now spilling into regional trade. Houthi Tax Hikes: Houthi authorities approved two consecutive increases on imported ready-mix cement—20% customs + 10% sales tax from Aug. 26, then 30% + 15% plus a 50% “local production support” surcharge from Oct. 1—raising construction costs and employment pressure. Local Business Push: Sana’a is set to host a two-day Entrepreneurs’ Products Bazaar starting tomorrow, aiming to connect small/micro enterprises with consumers and back youth and women in local manufacturing. Regional Security Context: Iran and Oman discussed a temporary Strait of Hormuz transit corridor, but Tehran says the strait remains closed for military vessels and reopening hinges on U.S. commitments—keeping energy and shipping uncertainty high. Diplomacy Watch: Yemen’s presidential council vowed stronger deterrence measures against the Houthis as fighting and economic strain continue.