26% of the world’s oil has ‘no way out’ if these 2 straits are blocked
The Houthis’ blockade of the Bab al-Mandeb strait couldn’t have come at a worse time for the oil market. Iran’s proxies in Yemen have threatened to cut off a major bypass of the Strait of Hormuz, through which oil tanker traffic has slowed dramatically in recent days.
0:00 Oil prices have surged $20/barrel this month, as Houthis threaten to block Bab al-Mandab strait
1:12 CNN’s David Goldman shows the Bab al-Mandab strait on the magic wall
1:54 Some ships have turned around in the Red Sea
3:43 CNN global affairs analyst Kimberly Dozier and military analyst Col. Cedric Leighton (Ret.) on the two straits
7:00 Iran’s Pickaxe Mountain site explained by Col. Leighton
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