Iran threatens to close Bab al-Mandab as Hormuz stays shut
Analysts warn two key global energy routes could be disrupted at once, with oil prices potentially surging to US$200 a barrel.
Analysts warn two key global energy routes could be disrupted at once, with oil prices potentially surging to US$200 a barrel.
Why it matters: With Hormuz already shut, any Red Sea attacks could disrupt the region’s two main oil export routes at once.
IRGC also said strikes reached Bahrain and Oman, and that the Strait of Hormuz will remain closed until U.S. military operations stop.
IRGC also said the Strait of Hormuz will stay closed until US attacks stop, raising risks to global energy supplies.