Why new Houthi threats in the Red Sea could spell trouble for global oil prices and inflation
· theconversation.com
Each year, about 10–12% of global shipping trade passes through the Bab el-Mandeb Strait – whose name means ‘Gate of Tears’.
On Monday, the Iran-backed Houthi rebels in Yemen announced they would impose a “maritime embargo” on Saudi Arabia, in what could mark a dangerous escalatio...