Iran is signaling it could shut the Bab el-Mandeb gateway to the Red Sea, a move that would put two of the world’s most vital energy arteries at risk. This comes after the country has already disrupted shipping through the Strait of Hormuz.
Impact on Global Trade
The potential closure of the Bab el-Mandeb Strait would have significant implications for global trade and energy supplies. The strait is a critical waterway for Saudi oil exports and a substantial share of global shipping.
A senior Yemeni official warned that the country’s armed forces were prepared to close the strait if Saudi Arabia continued to attack Yemen. This move could send oil prices soaring to $200 a barrel.
US-Iran Conflict Escalation
The conflict between the US and Iran has been escalating, with the US launching strikes inside Iran and the Houthis, Iran’s allies in Yemen, attacking commercial shipping in the Red Sea. Analysts believe that Iran is widening the conflict and seeking to increase pressure on Washington by extending the threat to global trade and energy supplies.
The US has been working to protect shipping in the region, with airstrikes and a multinational naval mission. However, the situation remains volatile, and the potential for further escalation is high.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
