Houthis Threaten Bab al-Mandeb Strait Amid Rising Oil Prices and Geopolitical Tensions
The Houthi group in Yemen is threatening to block the Bab al-Mandeb strait, a key oil transit route, which could create new geopolitical tensions with Iran. This comes as global oil prices have already surged over $20 per barrel this month due to Middle East conflicts and reduced shipping through critical waterways.
Topics: Bab al-Mandeb Strait Houthis Middle East conflict oil market impact