Iran's potential closure of Bab el-Mandeb Strait poses major risk to global oil supplies
By
Spencer Kimball
Kettled twice. Extra chewy, extra trustworthy.
Summary
The article discusses the risk that Iran could close the Bab el-Mandeb Strait if Middle East conflict escalates, which would severely disrupt oil supplies. The Bab el-Mandeb is a critical trade choke point connecting the Red Sea to the Gulf of Aden, and has served as a relief valve as Strait of Hormuz exports have declined due to Iranian attacks. Oil prices would spike if Iran's Houthi allies attacked ships passing through this strategic waterway.
Key quotes
· 3 pulledPresident Donald Trump faces the risk that Iran will close the Bab el-Mandeb Strait if the conflict in the Middle East escalates, a scenario that would slash oil supplies to an already deeply disrupted market.
The Bab el-Mandeb is one of the world's key trade choke points, connecting the Red Sea to the Gulf of Aden and the Arabian Sea.
It has acted as a crucial relief valve for the oil market as exports through the Strait of Hormuz have plunged due to Iranian attacks
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