The Red Sea: Iran's Next Deterrence Strategy
The Red Sea: Iran's Next Deterrence Strategy
The Islamabad memorandum of understanding (MoU) signed on 17 June 2026 ended the initial phase of the Middle East conflict but left control of the Strait of Hormuz deliberately unresolved: it committed Iran only to "best efforts" for safe passage, with a 60-day suspension of transit fees which implicitly provided an opportunity for Iran to reintroduce charges once the window closed.
Global Supply Chain Risks in the Red Sea
In this report we examine risks caused by Houthi attacks on shipping in the Red Sea. The report aims to analyse key factors influencing supply chain resilience and outlines strategies for risk mitigation.