Iran tells Houthis to close Red Sea gateway if US hits power network: Reuters
Iran is signaling it may widen pressure on global shipping, with the waterway carrying about 7% of global energy supplies, analysts said.
- On Thursday, sources told Reuters that Iran asked the Houthi movement to prepare to close the Red Sea shipping route if the United States strikes Iranian power infrastructure, posing a potent threat to global energy supplies.
- Escalating regional tensions follow the collapse of a June truce between Tehran and Washington, while Houthis recently broke a four-year truce with Saudi Arabia, firing missiles after accusing the kingdom of bombing an airport on Monday.
- Islamic Revolutionary Guard Corps representatives stationed in Yemen will control the closure decision, while the threatened waterway carries around 7% of global energy supplies and 70% of Saudi energy exports through the port of Yanbu.
- Closing the Bab el-Mandeb Strait could push oil prices to $200 per barrel, as Iran aims to widen conflict beyond the Persian Gulf and increase economic pressure on Washington and its allies.
- Middle East analyst Fawaz Gerges said, "Iran is willing to go all the way," signaling Tehran's strategy to threaten multiple chokepoints, while former peace negotiator Dennis Ross warns Washington faces challenges altering Tehran's calculus to return to negotiations.
126 Articles
126 Articles
Iran tells Houthis to close Red Sea oil route if US hits power network sources say
Iran tells Houthis to close Red Sea oil route if US hits power network, sources say. Source close to the Yemeni group says it is ready to launch missile and drone attacks on shipping near Bab el-Mandeb Strait, a move that would exacerbate the global energy crisis The post Iran tells Houthis to close Red Sea oil route if US hits power network sources say appeared first on Jerusalem World News.
Markets in red. Concerns the crisis in the Middle East: the most feared development is the possible blockade of the Suez Canal
Oil up on US-Iran hostilities, threat of Red Sea closure
Oil prices rose by more than 2% today after the US and Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on top of the restricted traffic through the Strait of Hormuz.
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