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Houthis Threaten Global Oil Flow | Auckland News
Houthis in Yemen are threatening to shut down the Bab al-Mandeb Strait—a vital oil shipping lane—risking a spike in global oil prices, possibly pushing them over $100 a barrel. With oil already up $20 this month, five tankers have already turned back, and Saudi Arabia’s Red Sea oil route could collapse if the strait is blocked, removing millions of barrels from the market. The U.S. may intervene, but its navy is already overstretched, adding to global energy chaos. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This…
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