Iran has effectively closed the Strait of Hormuz, and shutting down the Bab al-Mandeb Strait could further disrupt oil markets.

Iran has effectively closed the Strait of Hormuz, and shutting down the Bab al-Mandeb Strait could further disrupt oil markets.

Iran has halted communication with the US through mediators. This action follows attacks on Lebanon. Iran and its allies plan to block the Strait of Hormuz. They also intend to…