Houthis Threaten Bab el-Mandeb, Risking New Oil Market Shock
TL;DR Summary
Oil markets remain vulnerable as the Strait of Hormuz is effectively closed and a Houthi disruption of Bab el-Mandeb could force Saudi exports to reroute around Africa, adding weeks to shipments, inflating freight costs and potentially removing millions of barrels per day from global supply; Aramco’s East-West pipeline has mitigated some constraints, but a bigger Red Sea disruption could trigger further price spikes.
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- Iran’s Allies Could Target Bab al-Mandeb As Country Ends U.S. Negotiations Forbes
- Could Bab el-Mandeb Become the Next Strait of Hormuz? horn review
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