When you see the words Bab al Mandab Strait in mainstream news sources, pay close attention. This is the southern exit from the Red Sea and a major route for Saudi Arabia to export its oil. If the Houthis effectively close it, expect the price of Brent and WTI to reach new highs quickly.
The world economy better pray that the U.S. generals can convince Trump not to escalate the bombing of Iran to civilian sites.
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