Expanding Energy Risk as Two Chokepoints Face Geopolitical Tensions
The Strait of Hormuz and the Bab el-Mandeb Strait, both critical energy corridors, now face heightened geopolitical risks. The Houthi movement in Yemen has declared a naval blockade against Saudi Arabia, adding to existing concerns around Hormuz. This dual threat could disrupt global oil supply chains, increase shipping costs, and impact crude prices.
Topics: Bab el-Mandeb Strait energy security Houthi movement shipping disruptions Strait of Hormuz