The Yemeni Houthis have threatened to block the Bab el-Mandeb Strait, a key maritime chokepoint, in support of Iran amid rising regional tensions. This threat comes as Yemeni ports have increased shipping fees, affecting international trade routes through Yemen. The combination of higher fees and potential strait closure could disrupt global shipping, raise transportation costs, and impact economies reliant on this passage. The situation heightens risks for maritime security and trade stability in the Red Sea region.
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Threats to block the Bab el-Mandeb Strait raise concerns about oil supply disruptions, pushing crude oil prices higher.
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