Welcome back to World Brief, where we’re looking at another Middle East threat to global energy markets, the United Kingdom’s new prime minister, and rising political unrest in Ukraine.
First, Hormuz. Now, Red Sea.
Houthi rebels in Yemen declared a naval blockade of Saudi Arabia on Monday, opening another potential pressure point for global energy markets that are already suffering from Iran’s effective closure of the Strait of Hormuz. Riyadh has yet to formally respond.
Welcome back to World Brief, where we’re looking at another Middle East threat to global energy markets, the United Kingdom’s new prime minister, and rising political unrest in Ukraine.
First, Hormuz. Now, Red Sea.
