A potential disruption of Red Sea oil flows has started to look more plausible, with Reuters reporting on Thursday that Iran has instructed Yemen's Houthis to close the Bab al-Mandeb Strait if the US follows through on its threat to destroy Iranian power plants. The Reuters report cited Iranian and other regional sources.
Red Sea Tensions Pose Threat to Saudi Exports
Yemen's Houthis — aligned with Iran — have disrupted Red Sea shipping in the past — and there's a risk that they could do so again.
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