Oil shock 2.0? Houthis threaten Bab Al-Mandab shutdown as Hormuz drama reignites, crude prices rebound

Oil shock 2.0? Houthis threaten Bab Al-Mandab shutdown as Hormuz drama reignites, crude prices rebound

Houthi threat and Hormuz turmoil rattle vital oil lanes, driving crude prices higher

Houthis Threaten to Block Red Sea Oil Exports as the Iran War Escalates - Energy News Beat

As the Iran conflict escalates with U.S. and Israeli strikes targeting Iranian energy infrastructure, the Iran-backed Houthis in Yemen have issued a stark warning: they are prepared to close the Bab el-Mandeb Strait, effectively blocking oil exports through the Red Sea. Houthi Deputy Foreign Minister Hussein al-Ezzi stated, “If Sana’a decides to close the Bab al-Mandab, then all of mankind and jinn will be utterly powerless to open it.” This thr…